* CEO dismisses report of a possible IPO in Hong Kong
* Says no decision taken on a share offering
* Sales in first weeks grew in line with 2010 25 pct rise
By Antonella Ciancio
MILAN, Feb 27 (Reuters) – Italian luxury goods maker
Ferragamo, whose shoes have been worn by stars including
Marilyn Monroe and Al Pacino, is not considering a share
listing in Hong Kong like its fashion peer Prada, its CEO has
said.
Catwalk trailblazer Prada last month green-lighted a
long-awaited initial public offering in Hong Kong, which, if
successful, could value the company at more than 6 billion
euros ($8.25 billion).
“We have not taken any decision (over an IPO),” Ferragamo
Chief Executive Michele Norsa said on the sidelines of the
company’s womenswear show on Sunday, dismissing a report in the
Sunday Times indicating Hong Kong as a possible location for a
stock listing.
“We remain committed to Italy,” he said.
The British daily said the Florence-based company could
meet bankers over an IPO as early as next month.
Continued…
Article source: http://af.reuters.com/article/egyptNews/idAFLDE71Q0CQ20110227
Filed Under Fashion News
Tags: Ladies Shoes Fashion
