Subscribe
Business

Blackstone takes Versace stake

By Colleen Barry
Published
Add Washington Examiner on Google

MILAN (AP) — The Blackstone private equity firm has taken a 20-percent stake in Versace with a 210 million-euro ($287 million) capital injection, the fashion house said Thursday.

Versace fashion house CEO Gian Giacomo Ferraris said by telephone that the investment will help Versace prepare for a long-planned public listing in the next three to five years by ensuring “discipline.”

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.