The Savigny Luxury Index has gained good ground in September and is up by 3.7 percent, outperforming the MSCI World Index by over one percentage point, as Asian tourist flows to Western fashion hubs remain strong and the world’s largest luxury conglomerates snap up young designers, reports Pierre Mallevays of Savigny Partners.
MILAN, Italy — As Milan Fashion Week continues, our trusty contributing photographer Sonny Vandevelde provides us with behind-the-scenes photos from the Pucci, Bottega Veneta, Versace, Jil Sander, Trussardi, Roberto Cavalli and Emporio Armani shows.
MILAN, Italy — Versace expects to finalise a shortlist for buyers interested in a minority stake in the Italian fashion house by mid-October and decide on a partner by the end of 2013, chief executive Gian Giacomo Ferraris said on Friday.
MILAN, Italy — Versace is vetting offers from investors interested in buying a minority stake in the Italian fashion house to support its growth plans, designer Donatella Versace said in an interview published on Sunday.
MILAN, Italy — 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.