WWD.com/business-news/designer-luxury/versace-confirms-sale-discussions-7173535/
government-trade
government-trade

Versace Confirms Sale Discussions

Italian house says talks are on track to secure a minority shareholder.

MINORITY REPORT: Versace’s talks to secure a minority shareholder are on track, the brand’s ceo Gian Giacomo Ferraris said at Versace’s show on Friday, and the new partner could be identified by next month. The Milan-based firm is looking at selling a 15 to 20 percent stake by the end of the year.