MILAN — Donatella Versace and her daughter Allegra Versace Beck have linked their 20 and 50 percent stakes, respectively, in GiVi, the holding company that controls Gianni Versace SpA, while chairman Santo Versace, with his 30 percent holding, has the right to sell his shares upon the initial public offering, which is expected in three to five years.
The heirs of Santo Versace, who is 69, have the right to sell their shares to Donatella and Allegra Versace, but the latter two could also directly ask to buy them.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)