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Ferragamo renews distribution deal with Trinity

Italian luxury shoemaker Salvatore Ferragamo said last week it bought an additional 30 per cent in a joint venture with Chinese partner Trinity to continue its expansion in Asia.

In a statement Ferragamo said it spent a total of US$25.5 million to bring its stake in the joint venture to 80 per cent, with an option to buy the remaining 20 per cent.

 

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