Ferragamo family says no to mergers as speculation rises over stock slump

The Ferragamo family announced on Friday that it was not interested in any “extraordinary transactions” involving the eponymous luxury company.

According to traders, low stock prices have triggered speculation about potential mergers or acquisitions, driving shares higher.

“The family has already clearly stated in the past that it is not interested in any extraordinary transactions involving the company and reiterates this today,” they said in a statement to Reuters.