Full-year profit at Italian luxury men's wear firm Ermenegildo Zegna Group on Tuesady (17 April) said profits in 2006 rose 20% and that it is expecting a "promising" 2007.

Net profits were EUR63.3m (US$85.8m), while sales rose 9.4% to EUR779.4m helped by growth in the US, China and Latin America.

The company opened 41 new stores last year, and has recently started to manufacture the new luxury men's wear line launched by former-Gucci designer Tom Ford.