Brief: Prada Group And Ermenegildo Zegna Group Announce Acquisition Of Minority Stake In Luigi Fedeli E Figlio

Prada SpA

06/06/2023 18:42

June 6 (Reuters) - 
  
    * PRADA GROUP AND ERMENEGILDO ZEGNA GROUP ANNOUNCE
ACQUISITION OF
MINORITY STAKE IN LUIGI FEDELI E FIGLIO S.R.L.  - STATEMENT
    * PRADA - AGREEMENT PROVIDES THAT PRADA GROUP AND
ERMENEGILDO
ZEGNA GROUP WILL EACH ACQUIRE A 15% STAKE
    * PRADA-GILDO ZEGNA, CHAIRMAN AND CEO OF ZEGNA GROUP, AND
PATRIZIO
 BERTELLI, PRADA GROUP CHAIRMAN AND EXECUTIVE DIRECTOR, WILL
JOIN FEDELI’S BOARD
    * PRADA - LUIGI FEDELI, CURRENTLY CHAIRMAN AND CEO OF
FEDELI, WILL
HOLD THE REMAINING 70% OF THE COMPANY AND WILL CONTINUE IN HIS
PRESENT ROLES


Further company coverage:  1913.F 

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