Jun 25 2013, 4:12am CDT | by Luigi Lugmayr
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.
However, should a sale occur, the Versace family will still control the business aspect of the brand.
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