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Ferragamo to list 25% of capital

Italian luxury brand Ferragamo may float up to 25% of the company on the Milan stock exchange by the end of June.

According to reports the brand plans to list 25% of its capital following the Pitti Uomo and Milano Moda Uomo Italian menswear trade shows.

Analysts predicted the company could be valued at €1.6bn (£1.4bn), meaning the 25% stake could be sold for around €400m (£360m). It has been said that Italian investment bank Mediobanca and JP Morgan will coordinate and manage the deal.

The brand is currently controlled by the Ferragamo family, which reportedly want to remain in control. In March long term business partner Peter Woo bought an 8% stake in the business.

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