Exclusive: Ferragamo Family Explores Stake Sale to Drive Italian Fashion Brand Revamp – Sources | Investing News

By Pamela Barbaglia and Claudia Cristoferi

LONDON/MILAN (Reuters) – The family owners of Italian fashion house Salvatore Ferragamo

have held informal talks with financial investors to sell a minority stake in their holding firm as they seek to turn around the luxury brand and cope with the fallout of COVID-19, five sources told Reuters.

The company’s chairman Ferruccio Ferragamo, son of late founder Salvatore, held the talks some time after the summer, offering about a 20% stake in the holding vehicle that controls the Milan-listed business, banking and private equity sources said on condition of anonymity, as the matter is confidential.

A spokeswoman for the company – which has a market value of 2 billion euros ($2.4 billion) – denied that the Ferragamo family planned to sell the stake.

The sources told Reuters that the family is still in the preliminary stages of testing market appetite, and that a deal

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Exclusive Merch Bundles on Sale at the Consequence Store for Prime Day

The post Exclusive Merch Bundles on Sale at the Consequence Store for Prime Day appeared first on Consequence of Sound.

The best deals this Prime Day won’t just be found on Amazon. Over at the Consequence Store, we’re offering some exclusive merch bundles at deep discounts — like, free level deep.

For a limited time, we’re packaging three T-shirts with a free mask of your choice. When you purchase either of the limited edition Losers’ Club: A Stephen King Podcast branded tees or the Consequence name logo shirt, we’ll throw in our best-selling Caretaker mask, our brand new Bellhop 237 mask, or all three of our novelty Halloween-themed masks for free. It’s a scary good deal you’d wish could last forever and ever and ever, but supplies are limited!

We’re also offering two new face mask packages at a deep discount. We’ve paired our eye-catching Bolt mask with our

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