Ermenegildo Zegna Group To Go Public in SPAC Deal Worth $3.2 Billion
5 days ago - By Luxuo
Credit: Ermenegildo Zegna
Italian luxury house Ermenegildo Zegna Group has agreed to go public by merging with Investindustrial Acquisition Corp. , a US special-purpose acquisition company. The deal values the world-renowned fashion house at US$3.2 billion.
Upon finalisation of the transaction - expected to happen in the fourth quarter of 2021 - the Zegna family will hold onto the company's control with a stake of approximately 62 per cent. IIAC will be provided with an 11 per cent stake in the Italian brand.
Read more ...
The headlines of Very International People
Solo Female Travel: Top Destinations for Solo Female Travelers
Female solo travel in the US and across the globe is growing in popularity. Here are the best destinations for female solo travelers.
Recipe: Celeriac, Parsnip & Apple Gratin
Celeriac, parsnip and apple add great depth to the classic potato gratin. This comforting dish is wonderful as a main or as a side dish when entertaining.
Summer music festivals have returned - just in time for the latest...
New coronavirus cases have jumped more than 57 percent in the last week, fueling concerns music festivals could become super spreader events.
Hard to say 'arrivederci' to Rome's Hotel Vilon
The hotel makes good on its promises to be a quiet, luxurious cocoon in the heart of Rome with unique and colorful contemporary decor, furnishings and art at every turn.
Recipe: Pickled Beetroot
My go-to meal when there's “nothing in the fridge” is a chunk of cheese, gherkins, a soft-boiled egg, toast and this fantastic sweet and tangy pickled beetroot.
Man in custody keeps Timaru rental tenancy
A Timaru man has kept his fixed term tenancy of a dwelling despite being remanded in custody and the landlord's bid to have the agreement terminated.
L.A. Affairs: This is why you should never date your roommate
I know that conventional wisdom says, 'Don't date your roommate.' But this felt different.
Tee time: 15 of the best men's T-shirts - in pictures
Abstract graphics and bold, colourful prints for chilled summer vibes
Big strides: 15 ways to style wide-leg trousers - in pictures
Long, flowing and elegantly languid, high-waisted and wide-legged trousers will make a statement this summer
We love. Fashion fixes for the week ahead - in pictures
David Bowie inspired jewellery, sustainably sourced menswear and your favourite photo on a bag