×
1 035
Fashion Jobs
LEVI'S
Performance Marketing Manager
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Bentalls, Kingston - 22.5 Hours / 4 Days - Part Time, Permanent
Permanent · Kingston upon Thames
SHISEIDO
Ecommerce Manager - Nars, Shiseido & Drunk Elephant
Permanent · London
VANS
Account Coordinator - Dutch Speaking - Vans
Permanent · NOTTINGHAM
ESTÉE LAUDER
The Estée Lauder Companies - CRM And Loyalty Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Bluewater - 25.5 Hours - Part Time, Permanent
Permanent · Dartford
ESTÉE LAUDER
Clinique - Consultant - Boots - Metro, Gateshead - 21 Hours - Part Time, Permanent
Permanent · Gateshead
ESTÉE LAUDER
Director, Global Social Marketing
Permanent · London
ESTÉE LAUDER
Tom Ford - Business Manager - John Lewis, Milton Keynes - 37.5 Hours, Days - Full Time, Permanent
Permanent · Milton Keynes
SHISEIDO
Nars Account Manager, Fenwick Bond Street (37.5 Hours)
Permanent · London
LIBERTY LTD
Sales Manager
Permanent · LONDON
LIBERTY LTD
Retail Security Officer
Permanent · LONDON
VF INTERNATIONAL
Inbound Logistics Analyst - 12 Month Ftc
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Trainer
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTÉE LAUDER
Clinique - Consultant - Boots, White City London - 35 Hours - Full Time, Permanent
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Harvey Nichols, Birmingham - 37.5 Hours / 5 Days - Full Time, Permanent
Permanent · Birmingham
ESTÉE LAUDER
Regulatory Scientist - Global Ingredients Compliance
Permanent · Petersfield
SHISEIDO
Finance Analyst
Permanent · London
SHISEIDO
Area Sales & Education Manager | Central South England (Ftc)
Permanent · Reading
HUGO BOSS
Sales Manager - Hugo
Permanent · London
ASICS
Field Sales Representative
Permanent · Warrington
By
Reuters
Published
Feb 24, 2014
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Versace CEO sees decision on partner in two weeks

By
Reuters
Published
Feb 24, 2014

MILAN, Italy - Italy's Versace hopes to make a final decision on a partner to take a minority stake in the fashion house in one or two weeks, its chief executive said on Friday.

Lady Gaga for Versace | Source: Versace


Versace, which has been wholly owned by the family of founder Gianni Versace since his murder in 1997, is selling a 20 percent stake to an outside investor to fund growth.

Asked how long the process would take, Chief Executive Gian Giacomo Ferraris told Reuters, "One week, or two weeks."

"They are fighting it out," he said, speaking before the luxury brand showed an autumn-winter women's wear collection at Milan fashion week.

U.S. funds Blackstone and CCMP and Bahrain's Investcorp have been on the shortlist to buy the 20 percent stake in the brand, and Ferraris said the three investors were all still in the running.

Versace has been valued at 1.1 billion euros by Italy's state-backed Fondo Strategico Italiano, one of the bidders initially vying for the stake, people familiar with the situation have said.

The company plans to list publicly in three to five years and is looking for a partner that will not interfere in day-to-day management. It aims to raise funds to open more shops internationally and develop its clothing and accessories ranges.

Investor appetite for Italian luxury listings has been strong in recent years. Most recently, ski wear maker Moncler's shareholders raised around 784 million euros in an initial public offering in December.

Versace will issue fresh shares as part of the stake sale, through which it aims to raise funds to open new shops and expand its product offering, especially its high-end "first line" clothing.

© Thomson Reuters 2022 All rights reserved.