Following reports that Marc Jacobs is going public, we're hearing that Gianni Versace SpA is also looking towards an IPO coming off a strong 2014. The Italian fashion house sold a 20 percent stake to Blackstone Group in 2014, a pivotal move that fueled its global expansion. Profits at Versace jumped 27 percent to €26.3 million EUR (approximately $35 million USD), compared to €20.7 million EUR (approximately $27.3 million USD) in 2013. Lifted by global gains in both wholesale and retail, reve...
Following reports that Marc Jacobs is going public, we're hearing that Gianni Versace SpA is also looking towards an IPO coming off a strong 2014. The Italian fashion house sold a 20 percent stake to Blackstone Group in 2014, a pivotal move that fueled its global expansion. Profits at Versace jumped 27 percent to €26.3 million EUR (approximately $35 million USD), compared to €20.7 million EUR (approximately $27.3 million USD) in 2013. Lifted by global gains in both wholesale and retail, reve...
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