Salvatore Ferragamo to acquire Arts for $13m.

Salvatore Ferragamo, an Italian luxury goods company, agreed to acquire Arts, a company collaborating with Salvatore Ferragamo, in prototyping, industrialization, quality control and monitoring of the network of suppliers’ network for men’s shoes, for $13m. The operation is aimed at reinforcing the control of Salvatore Ferragamo on its supply chain and at integrating its strategic know‐how in one of the Group’s key product categories.