Trinity says to meet Ferragamo on distribution deal expiry
Couture Shoe Design by Salvatore Ferragamo, Photo: Corbis Images
In a filing to the Hong Kong bourse on Friday, Trinity said the agreement on the sale of Ferragamo products in South Korea, Singapore, Malaysia, Thailand and Indonesia would expire by end-2012.
For statement click here
Trinity, sister company of consumer goods exporter and logistics consultant Li & Fung Ltd, said earlier it was looking to acquire more heritage brands in Europe to fuel its expansion in China.
Last December, it bought Italian fashion house Cerruti for $70 million. It also owns British clothing brands Kent & Curwen and Gieves & Hawkes, and Japan's D'Urban. (Reporting by Donny Kwok; Editing by Jonathan Hopfner)
© Thomson Reuters 2013 All rights reserved.