Ferragamo Family Firmly Declares Its Disinterest in Any “Extraordinary” Deals Low stock prices have triggered speculation about possible mergers or acquisitions. In the midst of rumors swirling around the fashion industry, the iconic Ferragamo family has made a resounding statement: they are not interested in any “extraordinary” deals. This declaration comes as a reassurance to […]
Kering Sells Italian Luxury Outlets to Alleviate Debt
Kering Sells Italian Luxury Outlets to Alleviate Debt In a strategic move to alleviate debt and streamline its operations, the French luxury conglomerate Kering has recently announced the sale of its Italian luxury outlets. This decision is expected to bring in a substantial sum of €350 million, further solidifying Kering’s position in the ever-competitive luxury […]