MILAN — Salvatore Ferragamo SpA, which made its debut on the Milan Stock Exchange June 29, has edged out Italian giant insurance company Fondiaria-Sai for a slot in the FTSE Mib index, which includes only the top 40 companies publicly listed. The fashion company will appear in that directory starting Dec. 19.
As part of its quarterly index review, the FTSE will publish an update Dec.13 on its blue chip stocks and their relative investment risk levels, effective after final negotiations on Dec. 16. Although European stock markets have been in a slump recently, Ferragamo has managed to stay afloat, which chairman Ferruccio Ferragamo has attributed to the company’s consistent, strong image.