Trussardi might sell minority shares in the future- newspaper

By IVCPOST Staff Reporter

Aug 27, 2013 06:26 AM EDT

Trussardi might offer a minority stake in the future to interested parties if it needed to. The Italian fashion house, however, stressed that it would still be able to fund its investments for the next five years.

Trussardi Chief Executive Officer Tomaso Trussardi told La Repubblica, "If we needed to in the future - an option I am inclined to exclude for the moment - the family could sell a minority stake to finance development." The CEO also said that the Trussardi family would remain a majority owner in the event that such a sale would happen.

When asked if the family-owned fashion house would consider a listing in the stock market like Ferragamo and Prada, Trussardi said that the company does not yet have any problem financing its operations. Trussardi, however, said that the possibility of listing in a bourse could not be ruled out. 

Versace and Giorgio Armani, two of the most successful fashion brands from Italy, continue to be owned by the families that established them.

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