Salvatore Ferragamo SpA (SFER) Ferragamo Chairman Ferruccio Ferragamo ruled out selling a stake in the luxury shoemaker founded by his father amid speculation that the company could attract interest from LVMH. “There isn’t any hypothesis to sell a stake,” Ferragamo, 68, said in an interview in Cernobbio, Italy. “We weren’t approached by anybody.” Ferragamo, founded in Florence in 1927, is the most likely takeover candidate among mid-sized listed Italian luxury companies, according to Exane BNP Paribas. Read more.
