Saturday, May 26, 2012
Fashion house Versace may seek outside investors
MILAN - Italian family-owned fashion house Versace may seek outside investors and could consider an initial public offering to fund growth and help it better compete in the global luxury industry, a top executive said on Friday. Versace spring-summer 2012 / Photo: VersaceVersace, known for its glamorous gowns worn by pop icons such as Madonna and Lady Gaga, returned to profit last year for the first time since 2009, when it started a turnaround to rebuild its international market share. The
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