|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||14.20 - 14.20|
|52 Week Range||6.69 - 14.58|
|Beta (5Y Monthly)||1.37|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 06, 2019|
|1y Target Est||N/A|
(Bloomberg) -- Prada SpA and Ermenegildo Zegna Group agreed to buy an Italian cashmere producer, seeking to secure a domestic supply chain and luxury-goods manufacturing expertise.The fashion brands will each own 40% of Filati Biagioli Modesto SpA, while the Biagioli family will get 15%. The 5% remaining will be owned by Renato Cotto, who will run the business, according to a statement Tuesday. Filati Biagioli Modesto specializes in the production of cashmere as well as other “noble yarns,” the
In what is surely a major new partnership and a sign of an increased effort to protect the country’s unique supply chain, the two companies have joined forces to acquire a majority stake in Filati Biagioli Modesto SpA.
Prada is trying to make amends for its blackface scandal years ago with more diverse interns at its designer program and setting up a diversity council.