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Versace to decide on stake sale?
Photo Credit: GABRIEL BOUYS, Getty Images

Versace to decide on stake sale?

Jun 25 2013, 4:12am CDT | by

Milan, June 25 (IANS) Designer Gianni Versace, who launched the Italian fashion brand Versace in 1978, will reportedly sell its small business stake by October or November.

Milan, June 25 — Designer Gianni Versace, who launched the Italian fashion brand Versace in 1978, will reportedly sell its small business stake by October or November. The company is owned by the...

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1 year ago

Versace to decide on stake sale?

Jun 25 2013, 4:12am CDT | by

Milan, June 25 (IANS) Designer Gianni Versace, who launched the Italian fashion brand Versace in 1978, will reportedly sell its small business stake by October or November.

Milan, June 25 — Designer Gianni Versace, who launched the Italian fashion brand Versace in 1978, will reportedly sell its small business stake by October or November.

The company is owned by the famed Versace family, led by artistic director Donatella Versace, who has a 20 percent stake in the company. Her brother, Santo owns 30 percent and is CEO of the brand. Her daughter Allegra owns 50 percent of the company.

"We are still looking at the numbers. To produce more, you need more working capital," femalefirst.co.uk quoted Gian Giacomo Ferraris, co-CEO as saying.

According to the reports, it's not yet known whether the sale would be private or public and the fashion house has yet to make contact with any potential buyers.

It was recently reported that Qatar Holdings, who own London department store, Harrods, were "looking carefully" at investing in the company.

However, should a sale occur, the Versace family will still control the business aspect of the brand.

Versace fans include singer Lady Gaga, actress-and-singer Jennifer Lopez and actress Kate Hudson.

IANS

Source: IANS

 
Update
5

7 weeks ago

Lady Gaga Brings Boyfriend Taylor Kinney to Harper's Bazaar's Icons Party!

Sep 5 2014 11:30pm CDT | Source: Just Jared

Lady Gaga walks the red carpet while attending the Harper’s Bazaar Celebrates ICONS by Carine Roitfeld party held during New York Fashion Week on Friday evening (September 5) at the Plaza Hotel in New York City. The 28-year-old singer was joined by her boyfriend Taylor Kinney, 33, for the event, where she performed for the crowd. Gaga was also seen mingling with designer Donatella Versace and her daughter Allegra, as well as actress Brooke Shields. FYI: Gaga is wearing an outfit ...
Source: Just Jared   Full article at: Just Jared
 

 
Update
4

7 weeks ago

It Takes Some 'Next-Level' Theatrics to Stand Out at Fashion Week

Sep 4 2014 3:00am CDT | Source: WNYC Music

Broadway has a new competitor hitting stages this week: New York Fashion Week.  The traditional fashion event, which opens Thursday at Lincoln Center, is now making use of theatrics as designers try to widen their audience. One of them is New York-based retailer Opening Ceremony, which enlisted filmmaker Spike Jonze and actor Jonah Hill to co-write a one-act play for their Fashion Week show. Another is New Y ...
Source: WNYC Music   Full article at: WNYC Music
 

 
Update
3

7 weeks ago

Donatella Versace Designed Angelina Jolie's Wedding Dress - Get the Details!

Sep 2 2014 9:40am CDT | Source: Just Jared

It was just revealed that Angelina Jolie‘s wedding dress was designed by the famous Donatella Versace! The 39-year-old actress wore a custom silk satin Atelier Versace gown, which was gathered at the bust with an elongated train detailed with drawings that were embroidered from drawings by her six children. PHOTOS: Check out the latest pics of Angelina Jolie “Angelina has it all. Beauty, class and brains,” Donatella told Us Weekly in a state ...
Source: Just Jared   Full article at: Just Jared
 

 
Update
2

7 weeks ago

Donatella Versace Designed Angelina Jolie's Wedding Dress, Says She "Has It All"

Sep 2 2014 8:43am CDT | Source: US Magazine

Donatella Versace, who designed Angelina Jolie's wedding dress for her nuptials to Brad Pitt on Aug. 23, exclusively tells Us Weekly about the gorgeous brideThis article originally appeared on Usmagazine.com: Donatella Versace Designed Angelina Jolie's Wedding Dress, Says She "Has ...
Source: US Magazine   Full article at: US Magazine
 

 

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<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
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