“The new Hong Kong is Dubai. And next will be Saudi Arabia,” Gildo Zegna, chief executive of Italian luxury group Zegna, observed to FT editor Roula Khalaf on stage at last week’s Financial Times Business of Luxury Summit.
Zegna, which listed on the NYSE combining with a US special purpose acquisition company in December, and owns both the Zegna brand and Thom Browne, is one of several luxury companies seeing a flurry of spending in the region thanks to rising oil prices, strong…
