ITALY: Salvatore Ferragamo ready for IPO - report

By | 14 April 2011

Italian fashion house Salvatore Ferragamo has opted to list its shares on the Italian Stock Exchange, reported local media.

Salvatore Ferragamo has hired MediobancaBanca di Credito Finanziario and J.P. Morgan chase & Co to serve as coordinators and joint bookrunners for the deal, according to Dow Jones.

The company has been rumoured to be planning an initial public offering (IPO) since 2007 to finance growth.

Fellow Italian luxury brand Prada, meanwhile, announced plans to list the company's shares on the Hong Kong Stock Exchange in January.

Sectors: Apparel, Finance

Companies: Prada

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