Italian luxury house Ermenegildo Zegna will go public on the New York Stock Exchange later this year as part of a tie-up agreement with special purpose acquisition corporation Investindustrial Acquisition.

The family-owned company and the Spac said on 19 July that the combined entity will have an enterprise value of $3.2bn and a market capitalisation of $2.5bn, as part of the deal agreed on 18 July.