International Fashion Brand, Versace, Rumored To Be Going On Sale


International Fashion Brand, Versace, Rumored To Be Going On Sale

By Mosope Olumide

Italian Fashion Brand, Versace is reportedly about to be sold.

According to one of Italy’s biggest tabloids, the Corriere della Sera newspaper, Donatella Versace, the brand’s artistic director and vice-president of the group, has called a staff meeting in Milan for today.

So far, it’s being rumoured that Celebrity shoemaker Jimmy Choo, luxury jeweller Tiffany & Co and US fashion group Michael Kors Holdings are listed as possible buyers.

The company in its entirety is estimated to be worth some $2.0 billion (1.7 billion euros), the report said.

There has been no official word yet from the company to confirm the news.

The post International Fashion Brand, Versace, Rumored To Be Going On Sale appeared first on Nigerian Entertainment Today.

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