Gianni Versace - Versace deciding whether to sell

Versace may sell a minority stake in its business.

The Italian fashion house - which was created in 1978 by fashion designer Gianni Versace - will decide whether to sell a small part of the company by ''October or November'', according to CEO Gian Giacomo Ferraris.

The executive told Bloomberg: ''We are still looking at the numbers. To produce more, you need more working capital.''

The company is owned by the famed Versace family, led by artistic director Donatella Versace - who has a 20 per cent stake of the company - her brother, Santo, who owns 30 per cent and is co-CEO of the brand, and her daughter, Allegra, who owns 50 per cent of the company.

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 famed 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.

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


Contactmusic

Tags: Gianni Versace - Donatella Versace - Lady GaGa - Jennifer Lopez - Kate Hudson - Allegra Versace


Editors Recommendations

Is The Cannes Palme d'Or Heading David Cronenberg’s Way for 'Map to the Stars'?

The Cannes Film festival is sneaking up fast. The Oscars felt like they were 8 minutes ago...

Is The Cannes Palme d'Or Heading David Cronenberg’s Way for 'Map to the Stars'?

CounterPoint Festival 2014 To Feature Hometown Return of Outkast

Next weekend's CounterPoint Festival will be the event's first year at a new 5000-acre site, featuring...

CounterPoint Festival 2014 To Feature Hometown Return of Outkast

'The Amazing Spider-Man 2' - Not Perfect, But Really, Really Fun

Superhero movies have been striving towards the almost unobtainable goal set...

'The Amazing Spider-Man 2' - Not Perfect, But Really, Really Fun

Ricky Gervais is "Hooked" on David Brent Again - Former Paper Merchant To Return

A return for David Brent has been mooted ever since the character was wheeled...

Ricky Gervais is

This Labor Day, Jay Z Is Bringing "Made In America" To Downtown Los Angeles

Jay Z and the Mayor of Los Angeles Eric Garcetti have announced that the rapper’s...

This Labor Day, Jay Z Is Bringing

Anna Wintour wants 'more exclusive' Met Ball 2014

The editor-in-chief of US VOGUE magazine is reportedly determined for the annual...

Anna Wintour - Anna Wintour wants 'more exclusive' Met Ball 2014

'Mrs Doubtfire' Sequel Will Be Made 21 Years After The Original

The comedy classic 'Mrs. Doubtfire' is reportedly set to return to the big-screen...

'Mrs Doubtfire' Sequel Will Be Made 21 Years After The Original

'Of Mice And Men' Brings Out Broadway Talents Of James Franco, Chris O'Dowd

Of Mice And Men premiered on Broadway last night, giving critics a chance to cast...

'Of Mice And Men' Brings Out Broadway Talents Of James Franco, Chris O'Dowd

Sofia Vergara On Her Menage a Trois in Woody Allen's 'Fading Gigolo'

Sofia Vergara has been speaking about her nerves at shooting a ménage a trois with...

Sofia Vergara On Her Menage a Trois in Woody Allen's 'Fading Gigolo'


More recommendations

Comments

Gianni Versace Newsletter

Subscribe to this news alert service to receive news and reviews on Gianni Versace

Unsubscribe | Unsubscribe All