Ferragamo Seen as Luxury Target After Loro Piana Deal: Real M&A

After LVMH Moet Hennessy Louis Vuitton SA’s deal for clothier Loro Piana SpA, Italian luxury companies from Salvatore Ferragamo SpA to Tod’s SpA may be the next targets for cash-laden conglomerates in search of growth.

After LVMH announced the $2.6 billion transaction, shares of Italian luxury retailers surged, with Ferragamo and Yoox SpA closing at records and Brunello Cucinelli SpA and Tod’s rising as much as 4.5 percent and 2.8 percent. Shoemakers Ferragamo and Tod’s are the most likely next targets, Equita Sim SpA said. Online retailer Yoox and Loro Piana-rival Cucinelli offer sales growth through 2015 of 88 percent and 45 percent, according to data compiled by Bloomberg.