Fashion house Versace sells stake to Blackstone to fund growth – Reuters

Zennie Abraham / Zennie62
Zennie Abraham / Zennie62
The family does not want to relinquish control, a characteristic which has kept other Italian fashion brands like Giorgio Armani and Missoni in the hands of their founders, but which some analysts say has hampered their expansion. “The vision is to
Does Wall Street Know Fashion? Versace May Find Out In $1B Deal With Forbes
Blackstone-Versace deal values the company at 1 billion

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Source: Fashion News By Google

About the Author

Zennie Abraham
Zennie Abraham | Zennie Abraham or "Zennie62" is the founder of Zennie62Media which consists of and a multimedia blog news aggregator and video network, and 78-blog network, with social media and content development services and consulting. Zennie is a pioneer video blogger, YouTube Partner, social media practitioner, game developer, and pundit. Note: news aggregator content does not reflect the personal views of Mr. Abraham.

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