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