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.”
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