Gianni Versace S.p.A.
is an Italian fashion clothing business founded by Gianni Versace
in 1978 and currently headed by Donatella Versace as creative
director and Santo Versace as CEO.
Versace is one of the world's leading international fashion
houses. Versace designs, markets and distributes luxury clothing,
accessories, fragrances, makeup and home furnishings under the
various brands of the Versace Group.
Versace's Style Department employs a group of designers and
stylists who work in teams specifically dedicated to each individual
line. These teams operate under the close supervision and guidance
of Creative Director, Donatella Versace
In May 2006, it was reported in WWD that Versace chief executive
Giancarlo Di Risio said Versace Group would consider an IPO
(initial public offering) on the stock market by next year,
ahead of schedule. This was due to a drop of operating losses
of £62m to £4m for 2005, based on sales for the
house during the 12 months ending December 31 dropping 4.4 per
cent to £209 million, which was slightly higher than a
forecast of £204 million.
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