Ferragamo Reportedly Plans to Go Public This Summer

Ilaria Ferragamo and Ferruccio Ferragamo. Photo: Tullio M. Puglia/2010 Getty Images

Salvatore Ferragamo plans to float at least 30 percent of its shares on the Milan stock market as early as July, reports Italian newspaper Milano Finanza. The Ferragamo family was seriously considering a public offering back in 2008, but then decided against it owing to the souring economy. The company now follows cautiously in the footsteps of fellow Italian luxury labels Moncler and Prada, both of which are also planning IPOs this year. [Reuters]