Versace Seeks External Investors To Enhance Competitiveness

All the senior families in Italy

Gian Giacomo Ferrari, chief executive of Versace (Versace), recently said that the Brand Company might seek outside investors and would consider adopting the form of initial public offerings. (GianGiacomoFerraris)

Developing and helping them to enhance their competitiveness in the global luxury market.

Versace is famous for its charming dress worn by Madonna and LadyGaga, a popular icon.

When the company embarked on pformation and rebuilt its international

It has resumed profits for the first time since 2009 last year.

The family has always cherished its independence, but its luxury industry peers, such as Prada, Ferragamo and BrunelloCucinelli, have been listed successfully in less than a year.

Gian Giacomo Ferrari said: "management is studying some suggestions, but it has not yet decided which option to adopt."

Italy weekly "Italy world" recently said that Versace had chosen Goldman Sachs to seek cooperation or to study other financial options for the medium-term plan, possibly including the issuance of financial instruments, such as bonds.

The Versace family reiterated its desire to maintain control over the high fashion house.

Many family owned companies are proud of their inheritance, unwilling to invite a partner to join them, and may decide their strategy.

Therefore, companies with deep family origins, such as Prada, Ferragamo and BrunelloCucinelli, choose to sell a small number of stocks in the stock market and make explicit provisions to ensure continuity of their management rights.

"We intend to remain independent."

The company sent out a reply to the Italy world post on Friday night.

Gian Giacomo Ferrari said that no consultant had been appointed to the group.

A steering member meeting will be held as scheduled.

Versace said that if it was recommended, the group would also choose initial public offerings, but it has not yet been decided.

In March, Gian Giacomo Ferrari told the media that the company would not make any pactions before 2014, when the fashion house was targeted at core profit (pre tax profit) of 20% of sales, compared with 11% of sales last year.

Donatella Versace, the designer of platinum hair, is the sister of the late founder Jenny Versace. Now he shares the group with his brother Santo and her daughter Alan Cole, which accounts for 50% of the shares and joined the board last year.