<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001906615</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>3</amendmentNo>
      <securitiesClassTitle>Ordinary Shares, nominal value 0.02 Euro per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>03/31/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001877787</issuerCik>
        <issuerName>Ermenegildo Zegna N.V.</issuerName>
        <issuerCusips>
          <issuerCusipNumber>N30577105</issuerCusipNumber>
        </issuerCusips>
        <issuerPrincipalExecutiveOfficeAddress>
          <street1 xmlns="http://www.sec.gov/edgar/common">Viale Roma 99/100</street1>
          <city xmlns="http://www.sec.gov/edgar/common">Valdilana Loc. Trivero</city>
          <stateOrCountry xmlns="http://www.sec.gov/edgar/common">L6</stateOrCountry>
          <zipCode xmlns="http://www.sec.gov/edgar/common">13835</zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Strategic Holding Group S.a r.l.</reportingPersonName>
      <citizenshipOrOrganization>N4</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>29628556</soleVotingPower>
        <sharedVotingPower>0</sharedVotingPower>
        <soleDispositivePower>29628556</soleDispositivePower>
        <sharedDispositivePower>0</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>29628556</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>11.04</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Ermenegildo Zegna N.V.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>Viale Roma 99/100, Valdilana loc. Trivero, Italy 13835</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Strategic Holding Group S.a r.l. (the "Reporting Person")</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>11, rue Aldringen
L-1118 Luxembourg
Grand Duchy of Luxembourg</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Luxembourg</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>See response to Item 9 on the cover page hereto.

The Reporting Person is governed by a five-member board of managers, which acts by simple majority vote. No individual manager on the board of managers has voting or dispositive control over, or beneficial ownership of, the reported securities and this Statement shall not be construed as an admission by any manager of beneficial ownership of any of the securities covered by this Statement.

The filing is being made to reflect a change in beneficial ownership resulting from transactions in the ordinary shares which, following an increase in the number of outstanding ordinary shares, resulted in a more than 1% change in the Reporting Person's ownership percentage.</amountBeneficiallyOwned>
        <classPercent>Item 11 on the cover page hereto is calculated based on 268,312,050 ordinary shares, nominal value 0.02 Euro per share, outstanding as of March 6, 2026, as reported on the Issuer's Form 20-F filed on March 20, 2026. </classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>See response to Item 5 on the cover page hereto.</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>See response to Item 6 on the cover page hereto.</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>See response to Item 7 on the cover page hereto.</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>See response to Item 8 on the cover page hereto.</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>Y</notApplicableFlag>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Strategic Holding Group S.a r.l.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Kamel Aliat</signature>
        <title>Kamel Aliat - Manager</title>
        <date>05/14/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
