It was announced yesterday that Salvatore Ferragamo presented its request to list its shares to the Italian stock exchange.
In a statement, Salvatore Ferragamo said that the coordinators for the deal will be Mediobanca Banca di Credito Finanziario SpA and J.P. Morgan Chase & Co. Mediobanca will also act as a sponsor for the operation.
In an interview with Dow Jones Newswires in February, Ferragamo's Chief Executive Michele Norsa dismissed reports of a possible listing in Hong Kong by the company and explained that Italy is key for Ferragamo.
Many of the big players in the luxury fashion industry seem to be making IPO headlines. We have Ferragamo and Moncler's request to list in Italy on one hand and, Prada's highly-anticipated listing, which is expected to list on the Hong Kong stock exchange. It has been said that Prada will list in Hong Kong in order to benefit from the purchasing power in China, and from a lack of directly competing stocks in Hong Kong.
Many of the big players in the luxury fashion industry seem to be making IPO headlines. We have Ferragamo and Moncler's request to list in Italy on one hand and, Prada's highly-anticipated listing, which is expected to list on the Hong Kong stock exchange. It has been said that Prada will list in Hong Kong in order to benefit from the purchasing power in China, and from a lack of directly competing stocks in Hong Kong.
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