Wednesday, Sep 3, 2014Wednesday, Sep 3, 2014
News
 

Versace to choose minority partner end-Feb: Sources

Published on Feb 5, 2014 6:00 AM
 
A model presents a creation by Italian designer Donatella Versace during the 2014 Haute Couture Spring-Summer Versace collection show on Jan 19, 2014 in Paris. Versace is expected to choose between three potential partners vying for a minority stake in the fashion house around the end of February, three sources familiar with the matter said. -- FILE PHOTO: AFP

MILAN (REUTERS) - Italy's Versace is expected to choose between three potential partners vying for a minority stake in the fashion house around the end of February, three sources familiar with the matter said.

Versace is selling a 20 per cent stake to an outside investor to fund growth.

"A deal isn't expected to close before the end of February, or maybe early March," one of the sources said.

Versace declined to comment on the progress of the talks.

 
If you are not a subscriber, you can get instant, unlimited access here