Salvatore Ferragamo spa, parent company of the Salvatore Ferragamo Group listed on the Milan Stock Exchange, in implementation of the previous contractual agreements with Imaginex Holdings Ltd e Imaginex Overseas Ltd, increased its stake, from 50% to 75%, in the distribution joint ventures operating in the Greater China market.
Continuing the long partnership with Imaginex, the Ferragamo Group, which is already present with over 100 single-brand stores in the territories of China, Hong Kong, Taiwan and Macao, has renewed its distribution agreements until December 31, 2019.
In the first nine months of 2012, Asia-Pacific was confirmed as the leading market in terms of revenues for the Ferragamo group, with a turnover of 297 million euros (35,6% of the total).
