FERRAGAMO in shape for imminent stock exchange listing
Run by MedioBanca and JP Morgan, Salvatore Ferragamo’s stick exchange listing has been gaining pace, on track for a debut in June. The shareholder structure is divided between key Ferragamo family members Feruccio, Leonardo, Massimo, Giovanna and Fulvia, as well as Peter Woo, Hong Kong based millionaire who had purchased 8% of the Italian brand earlier this month.
Ferragamo is entering listing proceedures in very good shape, having reported a 26% increase in turnover for 2010, reaching a level of 782 million euros. The listing could almost double the company’s value by the end of 2013, fuelling its extensive international expansion strategy.