Growing Salvatore Ferragamo sells joint venture with Zegna

Salvatore Ferragamo has signed an agreement to sell its 50-50 joint venture with the Italian fashion group Ermenegildo Zegna for €13.9 million, or 24 times 2012 earnings. The deal is due to close on April 15. The venture, called ZeFer, was set up in 2002 for the production of shoes ...

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