Salvatore Ferragamo Shares Soar After Rumors of Sale, Family Denies Interest in Selling
"There is nothing on the table," said a Ferragamo spokeswoman on Wednesday after a Mergermarket report that speculated the Italian luxury goods group was in talks with a private equity fund to consider a sale or a delisting.
MILAN – Salvatore Ferragamo shares on Wednesday closed up 4.07 percent at 20.98 euros after spiking as much as 5 percent in early morning trading after a Mergermarket report that speculated the Italian luxury goods group was in talks with a private equity fund to consider a sale or a delisting.
Responding to the rumors, a spokeswoman said the Ferragamo family “is not interested in selling and there is nothing on the table.”
Penelope Cruz wows in a strapless white @chanelofficial feather dress. She is nominated for Best Movie/Limited Series Supporting Actress for The Assassination of Gianni Versace: American Crime Story. #Emmys
Take a peek into Gucci's new Instagram account (@guccibeauty), which is guided by Creative Director Alessandro Michele’s vision of beauty. In typical Gucci fashion, the account already features a series of artworks spanning across history, ethnicity, culture and geography. It will showcase and promote its new cosmetic launches and fragrances as well as looks from the fashion shows and special collaborations with artists and talents. #wwdbeauty
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