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By
Reuters
Translated by
Erin Floyd
Published
Sep 13, 2018
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Salvatore Ferragamo family holding quashes sale rumours

By
Reuters
Translated by
Erin Floyd
Published
Sep 13, 2018

The luxury group's controlling family is not intending to sell its stake, a spokesperson for the group said on Wednesday in response to rumours circulating on the subject.


Salvatore Ferragamo - Autumn/ Winter 2018 - Womenswear - Milan - © PixelFormula


"The family has not received any offers and does not want to sell its stake," the spokesperson said.

Salvatore Ferragamo shares rose 4.46% to 21.06 euros at the beginning of the trading session on the Milan stock exchange, after peaking at 21.22 in earlier trading upon the publication on a specialist blog of a message reporting that a capital investment fund had contacted the group with a view to a possible transaction.
 

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