• Cucinelli's majority shareholder sells 0.95 percent stake

    2 monthes ago - By Fashion United

    Image: brunellocucinelli.com
    Brunello Cucinelli's top shareholder, the Fedone holding company, has sold 640,000 shares, a 0.95 percent stake. The shares were sold via an accelerated bookbinding procedure at a price of 47.20 euros per share.
    This means that Fedone, the holding company of the brand's namesake founder and chairman Brunello Cucinelli, now owns a 50.05 percent stake and will remain the property's controlling shareholder. The company said that the offering was reserved to both qualified Italian investors and foreign institutional investors.
    Brunello Cucinelli was one of the...
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