Ermotti-led vehicle to help take Zegna public in $3.2 billion deal

Reuters2021-07-19

(Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public this year by combining with a special-purpose acquisition company (SPAC) in the United States, giving the business an enterprise value of $3.2 billion, the companies said on Monday.

The family-owned fashion brand will raise $880 million by combining with a U.S. SPAC launched by European private equity group Investindustrial and chaired by Sergio Ermotti, former chief executive at Swiss bank UBS.

Under the terms of the deal, which was first reported by the Financial Times and Corriere della Sera, Zegna will sell a portion of their holdings and retain 62% of the combined company, which is being given an equity value of $2.5 billion.

Zegna will merge with the New York-listed entity Investindustrial Acquisition Corp.

The investment in the Italian fashion brand will give Investindustrial an 11% stake in the company.

“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 Gildo Zegna told the FT.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Voch
2021-07-19
Voch
?
- Voch:
  ?
AshleySpace
2021-07-19
AshleySpace
Tell me your opinion about this news...
- Bodoh:
  Good
ToTheMOON
2021-07-19
ToTheMOON
Green

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1148891551?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-07-19 14:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1148891551","market":"us","top_or_hot":-1,"title":"Ermotti-led vehicle to help take Zegna public in $3.2 billion deal","media":"Reuters","content":"<p>(Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public this year by combining with a special-purpose acquisition company (SPAC) in the United States, giving the business an enterprise value of $3.2 billion, the companies said on Monday.</p>\n<p>The family-owned fashion brand will raise $880 million by combining with a U.S. SPAC launched by European private equity group Investindustrial and chaired by Sergio Ermotti, former chief executive at Swiss bank UBS.</p>\n<p>Under the terms of the deal, which was first reported by the Financial Times and Corriere della Sera, Zegna will sell a portion of their holdings and retain 62% of the combined company, which is being given an equity value of $2.5 billion.</p>\n<p>Zegna will merge with the New York-listed entity Investindustrial Acquisition Corp.</p>\n<p>The investment in the Italian fashion brand will give Investindustrial an 11% stake in the company.</p>\n<p>“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 Gildo Zegna told the FT.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ermotti-led vehicle to help take Zegna public in $3.2 billion deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nErmotti-led vehicle to help take Zegna public in $3.2 billion deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 14:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/ermenegildo-zegna-ipo/update-2-ermotti-led-vehicle-to-help-take-zegna-public-in-3-2-bln-deal-idUSL4N2OV0XP><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public this year by combining with a special-purpose acquisition company (SPAC) in the United States, giving the business an...</p>\n\n<a href=\"https://www.reuters.com/article/ermenegildo-zegna-ipo/update-2-ermotti-led-vehicle-to-help-take-zegna-public-in-3-2-bln-deal-idUSL4N2OV0XP\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.reuters.com/article/ermenegildo-zegna-ipo/update-2-ermotti-led-vehicle-to-help-take-zegna-public-in-3-2-bln-deal-idUSL4N2OV0XP","article_id":"1148891551","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1148891551","pubTimestamp":1626676928,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"(Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public this year by comb","collect":0,"end_time":0,"defaultTopTitle":"reuters.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Ermotti领导的汽车将以32亿美元的价格帮助Zegna上市","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IIAC":0.9},"content_text":"(Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public this year by combining with a special-purpose acquisition company (SPAC) in the United States, giving the business an enterprise value of $3.2 billion, the companies said on Monday.\nThe family-owned fashion brand will raise $880 million by combining with a U.S. SPAC launched by European private equity group Investindustrial and chaired by Sergio Ermotti, former chief executive at Swiss bank UBS.\nUnder the terms of the deal, which was first reported by the Financial Times and Corriere della Sera, Zegna will sell a portion of their holdings and retain 62% of the combined company, which is being given an equity value of $2.5 billion.\nZegna will merge with the New York-listed entity Investindustrial Acquisition Corp.\nThe investment in the Italian fashion brand will give Investindustrial an 11% stake in the company.\n“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 Gildo Zegna told the FT.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":173419682,"gmtCreate":1626678584746,"gmtModify":1703763191273,"author":{"id":"3581660114196478","authorId":"3581660114196478","name":"Voch","avatar":"https://static.tigerbbs.com/0342a0b8a772d73915216b4419eedaf2","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3581660114196478","idStr":"3581660114196478"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/173419682","repostId":1148891551,"repostType":4,"repost":{"id":"1148891551","kind":"news","pubTimestamp":1626676928,"share":"https://ttm.financial/m/news/1148891551?lang=en_US&edition=fundamental","pubTime":"2021-07-19 14:42","market":"us","language":"en","title":"Ermotti-led vehicle to help take Zegna public in $3.2 billion deal","url":"https://stock-news.laohu8.com/highlight/detail?id=1148891551","media":"Reuters","summary":"(Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public this year by comb","content":"<p>(Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public this year by combining with a special-purpose acquisition company (SPAC) in the United States, giving the business an enterprise value of $3.2 billion, the companies said on Monday.</p>\n<p>The family-owned fashion brand will raise $880 million by combining with a U.S. SPAC launched by European private equity group Investindustrial and chaired by Sergio Ermotti, former chief executive at Swiss bank UBS.</p>\n<p>Under the terms of the deal, which was first reported by the Financial Times and Corriere della Sera, Zegna will sell a portion of their holdings and retain 62% of the combined company, which is being given an equity value of $2.5 billion.</p>\n<p>Zegna will merge with the New York-listed entity Investindustrial Acquisition Corp.</p>\n<p>The investment in the Italian fashion brand will give Investindustrial an 11% stake in the company.</p>\n<p>“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 Gildo Zegna told the FT.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ermotti-led vehicle to help take Zegna public in $3.2 billion deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nErmotti-led vehicle to help take Zegna public in $3.2 billion deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 14:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/ermenegildo-zegna-ipo/update-2-ermotti-led-vehicle-to-help-take-zegna-public-in-3-2-bln-deal-idUSL4N2OV0XP><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public this year by combining with a special-purpose acquisition company (SPAC) in the United States, giving the business an...</p>\n\n<a href=\"https://www.reuters.com/article/ermenegildo-zegna-ipo/update-2-ermotti-led-vehicle-to-help-take-zegna-public-in-3-2-bln-deal-idUSL4N2OV0XP\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/article/ermenegildo-zegna-ipo/update-2-ermotti-led-vehicle-to-help-take-zegna-public-in-3-2-bln-deal-idUSL4N2OV0XP","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148891551","content_text":"(Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public this year by combining with a special-purpose acquisition company (SPAC) in the United States, giving the business an enterprise value of $3.2 billion, the companies said on Monday.\nThe family-owned fashion brand will raise $880 million by combining with a U.S. SPAC launched by European private equity group Investindustrial and chaired by Sergio Ermotti, former chief executive at Swiss bank UBS.\nUnder the terms of the deal, which was first reported by the Financial Times and Corriere della Sera, Zegna will sell a portion of their holdings and retain 62% of the combined company, which is being given an equity value of $2.5 billion.\nZegna will merge with the New York-listed entity Investindustrial Acquisition Corp.\nThe investment in the Italian fashion brand will give Investindustrial an 11% stake in the company.\n“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 Gildo Zegna told the FT.","news_type":1,"symbols_score_info":{"IIAC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5260376,"gmtCreate":1626678598616,"gmtModify":1663231154251,"authorId":3581660114196478,"author":{"id":3581660114196478,"idStr":"3581660114196478","authorId":3581660114196478,"name":"Voch","avatar":"https://static.tigerbbs.com/0342a0b8a772d73915216b4419eedaf2","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173419682,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"},{"id":173497959,"gmtCreate":1626677365171,"gmtModify":1703763174247,"author":{"id":"3578886966105998","authorId":"3578886966105998","name":"AshleySpace","avatar":"https://static.tigerbbs.com/86ceb5655988ed5ab92e6a5a06450942","vip":1,"crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3578886966105998","idStr":"3578886966105998"},"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/173497959","repostId":1148891551,"repostType":4,"repost":{"id":"1148891551","kind":"news","pubTimestamp":1626676928,"share":"https://ttm.financial/m/news/1148891551?lang=en_US&edition=fundamental","pubTime":"2021-07-19 14:42","market":"us","language":"en","title":"Ermotti-led vehicle to help take Zegna public in $3.2 billion deal","url":"https://stock-news.laohu8.com/highlight/detail?id=1148891551","media":"Reuters","summary":"(Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public this year by comb","content":"<p>(Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public this year by combining with a special-purpose acquisition company (SPAC) in the United States, giving the business an enterprise value of $3.2 billion, the companies said on Monday.</p>\n<p>The family-owned fashion brand will raise $880 million by combining with a U.S. SPAC launched by European private equity group Investindustrial and chaired by Sergio Ermotti, former chief executive at Swiss bank UBS.</p>\n<p>Under the terms of the deal, which was first reported by the Financial Times and Corriere della Sera, Zegna will sell a portion of their holdings and retain 62% of the combined company, which is being given an equity value of $2.5 billion.</p>\n<p>Zegna will merge with the New York-listed entity Investindustrial Acquisition Corp.</p>\n<p>The investment in the Italian fashion brand will give Investindustrial an 11% stake in the company.</p>\n<p>“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 Gildo Zegna told the FT.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ermotti-led vehicle to help take Zegna public in $3.2 billion deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nErmotti-led vehicle to help take Zegna public in $3.2 billion deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 14:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/ermenegildo-zegna-ipo/update-2-ermotti-led-vehicle-to-help-take-zegna-public-in-3-2-bln-deal-idUSL4N2OV0XP><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public this year by combining with a special-purpose acquisition company (SPAC) in the United States, giving the business an...</p>\n\n<a href=\"https://www.reuters.com/article/ermenegildo-zegna-ipo/update-2-ermotti-led-vehicle-to-help-take-zegna-public-in-3-2-bln-deal-idUSL4N2OV0XP\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/article/ermenegildo-zegna-ipo/update-2-ermotti-led-vehicle-to-help-take-zegna-public-in-3-2-bln-deal-idUSL4N2OV0XP","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148891551","content_text":"(Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public this year by combining with a special-purpose acquisition company (SPAC) in the United States, giving the business an enterprise value of $3.2 billion, the companies said on Monday.\nThe family-owned fashion brand will raise $880 million by combining with a U.S. SPAC launched by European private equity group Investindustrial and chaired by Sergio Ermotti, former chief executive at Swiss bank UBS.\nUnder the terms of the deal, which was first reported by the Financial Times and Corriere della Sera, Zegna will sell a portion of their holdings and retain 62% of the combined company, which is being given an equity value of $2.5 billion.\nZegna will merge with the New York-listed entity Investindustrial Acquisition Corp.\nThe investment in the Italian fashion brand will give Investindustrial an 11% stake in the company.\n“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 Gildo Zegna told the FT.","news_type":1,"symbols_score_info":{"IIAC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5260328,"gmtCreate":1626677894713,"gmtModify":1663231152851,"authorId":3559859558754319,"author":{"id":3559859558754319,"idStr":"3559859558754319","authorId":3559859558754319,"name":"Bodoh","avatar":"https://static.tigerbbs.com/349218ea2852130ca86ce660b4aa2d59","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.55%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173497959,"type":1,"supId":0,"prevId":0,"content":"Good","text":"Good","html":"Good"}],"langContent":"EN"},{"id":173495568,"gmtCreate":1626677229154,"gmtModify":1703763172621,"author":{"id":"3576212227172632","authorId":"3576212227172632","name":"ToTheMOON","avatar":"https://static.tigerbbs.com/7769f4b8d26aa1903d8784e79b05b4df","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3576212227172632","idStr":"3576212227172632"},"htmlText":"Green&nbsp;","listText":"Green&nbsp;","text":"Green","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/173495568","repostId":1148891551,"repostType":4,"repost":{"id":"1148891551","kind":"news","pubTimestamp":1626676928,"share":"https://ttm.financial/m/news/1148891551?lang=en_US&edition=fundamental","pubTime":"2021-07-19 14:42","market":"us","language":"en","title":"Ermotti-led vehicle to help take Zegna public in $3.2 billion deal","url":"https://stock-news.laohu8.com/highlight/detail?id=1148891551","media":"Reuters","summary":"(Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public this year by comb","content":"<p>(Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public this year by combining with a special-purpose acquisition company (SPAC) in the United States, giving the business an enterprise value of $3.2 billion, the companies said on Monday.</p>\n<p>The family-owned fashion brand will raise $880 million by combining with a U.S. SPAC launched by European private equity group Investindustrial and chaired by Sergio Ermotti, former chief executive at Swiss bank UBS.</p>\n<p>Under the terms of the deal, which was first reported by the Financial Times and Corriere della Sera, Zegna will sell a portion of their holdings and retain 62% of the combined company, which is being given an equity value of $2.5 billion.</p>\n<p>Zegna will merge with the New York-listed entity Investindustrial Acquisition Corp.</p>\n<p>The investment in the Italian fashion brand will give Investindustrial an 11% stake in the company.</p>\n<p>“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 Gildo Zegna told the FT.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ermotti-led vehicle to help take Zegna public in $3.2 billion deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nErmotti-led vehicle to help take Zegna public in $3.2 billion deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 14:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/ermenegildo-zegna-ipo/update-2-ermotti-led-vehicle-to-help-take-zegna-public-in-3-2-bln-deal-idUSL4N2OV0XP><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public this year by combining with a special-purpose acquisition company (SPAC) in the United States, giving the business an...</p>\n\n<a href=\"https://www.reuters.com/article/ermenegildo-zegna-ipo/update-2-ermotti-led-vehicle-to-help-take-zegna-public-in-3-2-bln-deal-idUSL4N2OV0XP\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/article/ermenegildo-zegna-ipo/update-2-ermotti-led-vehicle-to-help-take-zegna-public-in-3-2-bln-deal-idUSL4N2OV0XP","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148891551","content_text":"(Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public this year by combining with a special-purpose acquisition company (SPAC) in the United States, giving the business an enterprise value of $3.2 billion, the companies said on Monday.\nThe family-owned fashion brand will raise $880 million by combining with a U.S. SPAC launched by European private equity group Investindustrial and chaired by Sergio Ermotti, former chief executive at Swiss bank UBS.\nUnder the terms of the deal, which was first reported by the Financial Times and Corriere della Sera, Zegna will sell a portion of their holdings and retain 62% of the combined company, which is being given an equity value of $2.5 billion.\nZegna will merge with the New York-listed entity Investindustrial Acquisition Corp.\nThe investment in the Italian fashion brand will give Investindustrial an 11% stake in the company.\n“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 Gildo Zegna told the FT.","news_type":1,"symbols_score_info":{"IIAC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":26,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1148891551","isCrawlerRequest":true}