The family behind the luxury goods maker Ferragamo has upped its stake in the company by 2%, following a sale of shares by the Hong Kong-based Woo family.
According to Reuters, the Ferragamo family’s holding company has increased its stake to 58.24% from its earlier 56%.
This rise came after the family’s long-time partner, businessman Peter Woo, cut his stake in the Italian shoemaker. Reuters said the company filing showed that Woo sold a 2% stake for €30.3 million, at €9 per share.
