Pursuits
Ferragamo Chairman Rules Out Selling Stake Amid Bid Speculation
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Salvatore Ferragamo SpA Chairman Ferruccio Ferragamo ruled out selling a stake in the luxury shoemaker founded by his father amid speculation that the company could attract interest from LVMH Moet Hennessy Louis Vuitton SA.
“There isn’t any hypothesis to sell a stake,” Ferragamo, 68, said in an interview in Cernobbio, Italy. “We weren’t approached by anybody.”