By  on July 27, 2011

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.

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