Salvatore Ferragamo family holding quashes sale rumours

The luxury group's controlling family is not intending to sell its stake, a spokesperson for the group said on Wednesday in response to rumours circulating on the subject.

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"The family has not received any offers and does not want to sell its stake," the spokesperson said.

Salvatore Ferragamo shares rose 4.46% to 21.06 euros at the beginning of the trading session on the Milan stock exchange, after peaking at 21.22 in earlier trading upon the publication on a specialist blog of a message reporting that a capital investment fund had contacted the group with a view to a possible transaction.

Translated by Erin Floyd

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