Fashion

Italian Fashion House Zegna to Go Public

Ermenegildo Zegna, the Italian luxury fashion house, plans to go public by merging with a US special-purpose acquisition corporation launched by European private equity group Investindustrial Acquisition. The deal will value Zegna at $3.2 billion following its listing on the New York Stock Exchange later this year, Investindustrial said in a statement on Monday.

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