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2021-07-19

What a way to suck in retailers money. Major shareholders dumpin the reins the retailers.Market toppisj!

Italian luxury fashion brand Zegna to go public in $3.2 bln SPAC deal

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Major shareholders dumpin the reins the retailers.Market toppisj!","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/173554149","repostId":1187233426,"repostType":4,"repost":{"id":"1187233426","kind":"news","pubTimestamp":1626671417,"share":"https://www.laohu8.com/m/news/1187233426?lang=&edition=full","pubTime":"2021-07-19 13:10","market":"us","language":"en","title":"Italian luxury fashion brand Zegna to go public in $3.2 bln SPAC deal","url":"https://stock-news.laohu8.com/highlight/detail?id=1187233426","media":"Reuters","summary":"July 19 (Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public by combin","content":"<p>July 19 (Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public by combining with a special-purpose acquisition company (SPAC) in the United States, giving the business an enterprise value of $3.2 billion, the Financial Times said&nbsp;on Monday.</p>\n<p>The family-owned fashion brand will raise $880 million by combining with a SPAC launched by European private equity group Investindustrial and chaired by former UBS chief executive Sergio Ermotti, the report said.</p>\n<p>Under the terms of the deal, Zegna will sell a portion of their holdings and retain 62% of the combined company, which is being given an equity value of $2.5 billion, FT added.</p>\n<p>Zegna will merge with the New York-listed entity Investindustrial Acquisition Corp.</p>\n<p>The investment in the Italian fashion brand will give Investindustrial an 11% stake in the company, FT said.</p>\n<p>\"We could have remained independent for another 100 years, but the moment is appropriate and the world has changed a lot and luxury has become very challenging,\" Chief Executive Officer Gildo Zegna told the FT.</p>\n<p>Investindustrial Acquisition did not immediately respond to a Reuters request for comment.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nItalian luxury fashion brand Zegna to go public in $3.2 bln SPAC deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 13:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/1-italian-luxury-fashion-brand-045737712.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>July 19 (Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public by combining with a special-purpose acquisition company (SPAC) in the United States, giving the business an ...</p>\n\n<a href=\"https://finance.yahoo.com/news/1-italian-luxury-fashion-brand-045737712.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/1-italian-luxury-fashion-brand-045737712.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187233426","content_text":"July 19 (Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public by combining with a special-purpose acquisition company (SPAC) in the United States, giving the business an enterprise value of $3.2 billion, the Financial Times said on Monday.\nThe family-owned fashion brand will raise $880 million by combining with a SPAC launched by European private equity group Investindustrial and chaired by former UBS chief executive Sergio Ermotti, the report said.\nUnder the terms of the deal, Zegna will sell a portion of their holdings and retain 62% of the combined company, which is being given an equity value of $2.5 billion, FT added.\nZegna will merge with the New York-listed entity Investindustrial Acquisition Corp.\nThe investment in the Italian fashion brand will give Investindustrial an 11% stake in the company, FT said.\n\"We could have remained independent for another 100 years, but the moment is appropriate and the world has changed a lot and luxury has become very challenging,\" Chief Executive Officer Gildo Zegna told the FT.\nInvestindustrial Acquisition did not immediately respond to a Reuters request for comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":114,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":89,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/173554149"}