Ferragamo reinforces its position in China with increased stake in its distributor
Italian luxury house of Salvatore Ferragamo reinforces its position in Greater China with the acquisition of an additional 25% stake in Imaginex, its long time distribution partner. Ferragamo now owns 75% of Imaginex which has been controlling the distribution of Ferragamo, both wholesale and retail, in China, Taiwan, Hong Kong and Macao. Ferragamo’s retail network in Greater China includes over 100 mono-brand stores. The company has renewed the distribution agreeement till 2019.