By  on May 24, 2012

MILAN — Versace is in expansion mode but for now has no plans to take on an investor or go for an initial public offering.

The Italian fashion house returned to profit last year and the Versace family is eyeing ways to grow globally — including the possibility of an IPO at some point in the future. But in the meantime, the owners have no intention of relinquishing control even as they look for ways to fund further growth.

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