Ferragamo Will Increase Its Stake In Greater China
Ferragamo group
Two important decisions have been made on the future development of the Chinese market: the Ferragamo group will increase its shareholding in the Greater China region (including Mainland China and Hongkong, Macao and Taiwan) in January 2013, from the current 50% (60% in Macao area to 60%) to 75%. In addition, FerragamoFinanziariaS.p.A of the Ferragamo family limited will sell the shares of 8% of sarvor Ferragamo Italy Limited (SalvatoreFerragamoItaliaS.p.A.) to the Wu Guangzheng family.
Wu family
As a Ferragamo group
Greater China
In the past 20 years, the business partners have made great success in helping the sales and marketing of brands in mainland China, Hongkong, Macao and Taiwan.
The Wu family, led by Wu Guangzheng, is a well-known family in Hongkong. Its business diversification includes real estate, retail, hotel, telecommunications and port business. Its business covers Hongkong and the mainland.
Salvaotore Ferragamo, chairman of Italy SalvatoreFerragamoItaliaS.p.A. Limited (Mr.FerruccioFerragamo), led the paction in person. (Mr.FerruccioFerragamo)
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