Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
by Staff Writers
Milan (AFP) Jan 03, 2013
Italian luxury fashion group Salvatore Ferragamo on Thursday said it had boosted its stake in joint ventures for distribution in the "strategic" Chinese market from 50 to 75 percent.
The operation follows agreements with Imaginex Holdings and Imaginex Overseas, the company said in a statement, without giving the value of the deal.
Ferragamo already has around 100 sales points in continental China, Hong Kong, Taiwan and Macao.
Asia is Ferragamo's biggest market, accounting for more than a third of its total revenues last year.
The company was set up in 1927 by Salvatore Ferragamo, a Florentine shoemaker who came back to Italy after living in the United States where he became famous for designing shoes for Hollywood stars.
Ferragamo now also makes clothes, leather goods and eyewear.
Global Trade News
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|