Home / Knowledge / News / Fashion / Salvatore Ferragamo eyes Korean & SE Asian markets
Salvatore Ferragamo eyes Korean & SE Asian markets
Dec '12
Salvatore Ferragamo S.p.A , parent company of the Salvatore Ferragamo Group, one of the global leaders in the luxury sector, has acquired from Trinity Luxury Brands Holdings Ltd and Ferrinch (L) Ltd (which are wholly-owned subsidiaries of Trinity Ltd), a further 30% stake in the joint venture distribution companies for a total cash consideration of approximately US$ 25.5 Million, based on the Estimated Net Depreciated Asset Value at December 31, 2012.

The total amount paid will be adjusted depending on the Actual Net Depreciated Asset Value at December 31, 2012. The four companies involved in the transaction are Ferragamo Korea, Ferragamo Malaysia, Ferragamo Singapore and Ferragamo Thailand.

In line with the previous contractual agreements, and within the framework of the new five-year joint venture contract (expiring on December 31, 2017), Salvatore Ferragamo S.p.A. has executed, with each of the companies, an agreement for the distribution of its products in the strategic markets of Korea, Malaysia, Singapore, Indonesia and Thailand.

The new agreement also includes a put and call option, which can be exercised at the occurrence of certain conditions, to sell/acquire the remaining 20% at a price based on the Net Depreciated Asset Value of the four companies.

Maintaining the valuable cooperation with Trinity Ltd Group, Salvatore Ferragamo S.p.A. now holds 80% of these companies operating in the strategic markets of Korea and South East Asia, where Ferragamo is already present with about 70 mono-brand doors.

Salvatore Ferragamo S.p.A

Must ReadView All

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Rwanda to pay tax of exporters affected by AGOA suspension

Apparel/Garments | On 18th Jun 2018

Rwanda to pay tax of exporters affected by AGOA suspension

Rwanda will take over the tax obligations of its apparel exporters to ...

Interviews View All

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search