Salvatore Ferragamo has increased its financial stake in its joint venture for Greater China from 50 to 75 percent, buying the shares from its longstanding partner for the region, Imaginex Holdings. The joint venture manages more than 100 Ferragamo stores in China, Hong Kong, Taiwan and Macao. The Italian company has also raised its stake in four companies that sell its products in South Korea, Malaysia, Singapore and Thailand from 50 to 80 percent. It bought the shares from its joint venture partner for that region, Trinity Luxury Brands Holdings, for a reported US$25.5 million based on the net depreciated asset value of the business. About 70 single-brand Ferragamo stores operate in those countries.

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