Back Fashion icons Zegna and Etro fall as spacs and private equity swoop 
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Fashion icons Zegna and Etro fall as spacs and private equity swoop Updated19 Jul 8:08pm

Fashion icons Zegna and Etro fall as spacs and private equity swoop 

Zegna will go public in a £2.3bn Spac deal in New York later this year. Private equity firm L Catterton, which is backed by LVMH, has agreed to buy a 60 per cent stake in Etro (worn by model, pictured).
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