Dec. 21 - Korea, Malaysia, Singapore, Indonesia and Thailand, made in Italy luxury goods know no bounds. Or at least, this is what Salvatore Ferragamo is trying to prove. The company is at the head of the Salvatore Ferragamo Group, one of the world's leading players in the luxury sector, that was recently granted by Trinity Luxury Brands Holdings Ltd and Ferrinch Ltd (both wholly owned subsidiaries of Trinity Ltd) additional shares (30% to be exact) in distribution companies for joint ventures, for a total outlay equivalent to approximately $25.5 million, based on "Depreciated Net Asset Value." The four companies involved in the transaction are Ferragamo Korea, Ferragamo Malaysia, Ferragamo Singapore and Ferragamo Thailand. In line with previous contractual agreements. the new 5-year joint venture contracts signed with each company confirms Ferragamo distribution in the strategic markets of Korea, Malaysia, Singapore, Indonesia and Thailand. The new agreement - says the company in a note - also includes a “put/call” option that can be exercised under certain conditions, to sell / acquire the remaining 20% at a price based on the "Depreciated Net Asset Value "of the four companies. By continuing the fruitful collaboration with the Trinity Group Ltd, Salvatore Ferragamo SpA now holds a market share of 80% of the companies operating in the strategic markets of Korea and Southeast Asia, where Ferragamo already has about 70 mono-brand stores.

SALVATORE FERRAGAMO SPA: A PROFILE

Salvatore Ferragamo S.p.A. is the company that owns the Salvatore Ferragamo Group, one of the leading players in the luxury sector, whose origins date back to 1927. The Group is active in the creation, production and distribution of shoes, leather goods, garments, silk products and accessories, as well as fragrances for men and women. The product range also includes eyewear and watches, manufactured under license from third parties. The company is also known for its attention to the uniqueness and exclusivity of its products, achieved by combining style, creativity and innovation with quality and craftsmanship typical of Italian goods. With more than 3,300 employees and an extensive network of 603 flagship stores (as of September 30, 2012), the Ferragamo Group operates in the European, American and Asian markets.