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Versace considers stock market debut and stake sell-off

by LLB Editor
5th Apr 13 12:17 pm

Italian fashion powerhouse Versace is considering a debut on the stock market and taking up external investment to acclerate international expansion.

“We are aware that it could be a road but not immediately,” chief executive Gian Giacomo Ferrari said.

The family business is believed to have hired advisers last year to weigh its strategic options. However, doubts over equity split disrupted the move.

The company saw its annual profits rise 7% in 2012, with earnings of €8.5m (£7.2m), compared to €7.9 million (£6.7m) in 2011. Group profits increased by 20% to €408.7m (£346.5m).

 

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