Daily Digest

Versace Said in Talks to Raise 250 Million Euros in Stake Sale

Versace A/W 2013 | Photo: Sonny Vandevelde

“Gianni Versace SpA is in talks to raise about 250 million euros ($333 million) through a stake sale to help finance the fashion house’s expansion, said people with knowledge of the situation. The Milan-based company is in discussions with IQ Made in Italy Venture, a partnership set up by Qatar Holding LLC and a unit of Italy’s Cassa Depositi e Prestiti SpA, said one of the people, who asked not to be named as the matter is private.”