By  on April 25, 2012

After notching up a record year of sales and profits, Ermenegildo Zegna is moving deeper into Asia — which already accounts for 50 percent of exports — and is planting its flag in new territories worldwide.

The company said Wednesday that net profits in 2011 rose 91.5 percent to 115.1 million euros, or $149.6 million, on the back of record sales of 1.13 billion euros, or $1.47 billion. Sales, fueled mainly by foreign markets, increased 17 percent on the previous year. Exports accounted for more than 90 percent of revenues, with Asia generating half of that figure.

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