Ferragamo family explores stake sale to drive fashion brand revamp: Report

A spokeswoman for the company - which has a market value of 2 billion euros ($2.4 billion) - denied that the Ferragamo family planned to sell the stake

The family owners of Italian fashion house Salvatore Ferragamo have held informal talks with financial investors to sell a minority stake in their holding firm as they seek to turn around the luxury brand and cope with the fallout of Covid-19, five sources told Reuters.

The company's chairman Ferruccio Ferragamo, son of late founder Salvatore, held the discussions sometime after the summer, offering about a 20 per cent stake in the holding vehicle that controls the Milan-listed business, banking and private equity sources said, speaking on condition of anonymity as the matter is confidential.

A spokeswoman for the company - which has