Versace May Expand Beyond The Fam
Is the house that Gianni built expanding beyond its all-in-the-family way of doing business? Possibly, according to Reuters. Versace is purportedly toying with the idea of selling parts of its company, currently worth roughly $888 million, based on 2012 core earnings. Why put pieces of the Versace empire up for sale? To aid in the label’s expansion in major markets like Asia, according to CEO Gian Giacomo Ferraris. Stay tuned!