Italian luxurious trend model Zegna to go public in $3.2 bln SPAC deal – FT

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Italian luxurious trend model Zegna to go public in $3.2 bln SPAC deal – FT


July 19 (Reuters)Italian luxurious trend group Ermenegildo Zegna has agreed to go public by combining with a special-purpose acquisition firm (SPAC) within the U.S., giving the enterprise an enterprise worth of $3.2 billion, the Monetary Occasions stated on Monday.

“We may have remained unbiased for one more 100 years, however the second is suitable and the world has modified lots and luxurious has turn out to be very difficult,” Chief Govt Officer Gildo Zegna instructed the FT.

(Reporting by Radhika Anilkumar in Bengaluru; Enhancing by Shailesh Kuber)

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