Italian luxury fashion brand Zegna to go public in $3.2 bln SPAC deal - FT
July 19 (Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public by combining with a special-purpose acquisition company (SPAC) in the U.S., giving the business an enterprise value of $3.2 billion, the Financial Times said on Monday.
"We could have remained independent for another 100 years, but the moment is appropriate and the world has changed a lot and luxury has become very challenging," Chief Executive Officer Gildo Zegna told the FT. (Reporting by Radhika Anilkumar in Bengaluru; Editing by Shailesh Kuber)
