Hong Kong : Ferragamo & Trinity distribution deal to expire on Dec 31

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Ferragamo & Trinity distribution deal to expire on Dec 31

28
Dec '11

The board of directors of Trinity Limited informs thier shareholders that the current exclusive distribution agreements for the sale of Ferragamo products in the domestic territories of South Korea, Singapore, Malaysia, Thailand and Indonesia will expire in twelve months' time on 31 December 2012.

The sale of Ferragamo products in the above territories is managed by the Group's jointly controlled entities, each of which are held as to 50% by the Group and as to 50% by the Salvatore Ferragamo group.

In light of the long and mutually beneficial business relationship, the Salvatore Ferragamo group and the Company will meet to examine ways of continuing their business partnership.

As the business partnership may or may not materialise, shareholders of the Company and the investing public should exercise caution when dealing in the shares of the Company.

The Group is one of the leading high-to-luxury end menswear retailers primarily serving Greater China. The Group manages six international menswear brands, namely Altea, Cerruti 1881, D'urban, Gieves & Hawkes, Intermezzo and Kent & Curwen.

Salvatore Ferragamo S.p.A., founded in 1927, is the parent company of the Ferragamo Group, one of the major players in the luxury goods industry, which focuses on the creation, manufacture and sale of footwear, leather goods, clothing, silk products, other accessories and perfumes for men and women, all Made in Italy.

Trinity Limited