• 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.
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