The entrepreneur had an option for 5% of the capital of the US luxury department store chain, to be exercised by December 30, 2011.
The purchase option on 8 million Saks Fifth Avenue stock, (about 5% of the share capital), held by XNUMX Diego Della Valle after the negotiation with Mediobanca dated October 2010, it has not been exercised by the businessman from the Marches.
The option expired on December 30, 2011. Della Valle's stake in the US luxury department store chain therefore remains 14%.
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