family entered the business. Angelo's son, and namesake of the company's founder, Ermenegildo "Gildo" Zegna, became CEO of the Group in 1997; his cousin Paolo became the chairman. Under their governance, the company began a strategy of brand extension and full verticalization. In 1991 Zegna was the first luxury brand to enter the China market, with a flagship store in Beijing; and one of the first to access the Indian market. In 2008, the Group established its new headquarters in Milan, in a building designed by architects Antonio Citterio and Gianmaria Beretta. Acquisitions Moreover, a large number of acquisitions and partnerships have been signed since the late 1990s to the present day. In 2014, Zegna acquired the majority of Achill, an Australian wool farm counting about 12,500 sheep in its flock. In 2016, the Group acquired a majority stake in Bonotto, a high-end textile manufacturer based in Molvena, Vicenza, Italy, giving the Group the possibility to explore new areas such as furnishing and experimental fabrics. Two years later, Zegna – through its subsidiary ZECA company – took over the historic Cappellificio Cervo hat-maker. In 2018, Ermenegildo Zegna Group – already present in India with three stores – together with Reliance, acquired a stake into Indian fashion designer Raghavendra Rathore's firm. In the same year Zegna announced that they purchased 85% of the eponymously named Thom Browne, a New York City-based menswear and womenswear brand, founded in 2001. In 2019, Zegna bought a 65% stake of Italian high-quality jersey fabrics manufacturer Dondi, increasing its control over the textile supply chain. In June 2021, the Zegna Group bought a 60% majority stake in Tessitura Ubertino, a high-end fabric maker based in Piedmont, Italy. A few weeks later, Zegna also bought a 40% share in Tessitura Biagioli Modesto, an Italian spinning mill specialized in cashmere production. Stock exchange listing In 2021, Zegna agreed to go public by combining with a US special-purpose acquisition company launched by European private equity group Investindustrial. On December 20, 2021, the Zegna Group went public in New York with a valuation of $3.1 billion. It is the first Italian fashion company to be listed in New York. Brands Zegna Zegna was founded in 1910 as a textile company (“Lanificio Zegna”). The brand is now recognized as a leader in luxury menswear. Formerly known as Ermenegildo Zegna, in 2021, in parallel with the Group's stock market listing, the brand