Pursuits
Italian Luxury-Goods Makers to Follow Clients in Spending More
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Ermenegildo Zegna SpA, Salvatore Ferragamo SpA and Roberto Cavalli SpA will increase investment in 2011, signaling greater confidence among Italian luxury-goods makers as demand continues to rise.
Zegna will lift capital expenditure by “more than 50 percent” from last year’s level as it invests in new stores and technology, the closely held company’s chief executive officer said. Ferragamo, whose shoes have been worn by Jennifer Lopez, will increase investment by “more than 20 percent” this year, CEO Michele Norsa said.