MILAN — Ferragamo Finanziaria SpA, which controls SalvatoreFerragamo SpA, has increased the Ferragamo family’s ownership in theFlorence-based firm.
Minority shareholder Peter Woo, through hiscompany Majestic Honour Ltd., has sold a 2 percent stake in the luxuryhouse, cutting his holding to 6 percent. Woo has exercised a put optionon more than 3.3 million shares at the price of 9 euros, or $13 atcurrent exchange, corresponding to Ferragamo’s listing price, for atotal of 30.3 million euros, or $43.5 million.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"