(Alliance News) - Salvatore Ferragamo has announced that non-executive and non-independent director Peter Woo has resigned.

Woo will receive no severance and, as of today, holds 10.1 million shares in the company, held through Majestic Honour Ltd.

Salvatore Ferragamo's stock closed Monday up 0.3 percent at EUR12.22 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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