Harrods Owners to Invest in Versace?

The restructuring of its Versus line may not be Versace's only big business news this year, with new investors said to be quite interested in the family-owned Italian fashion house.
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Dhani Mau
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The restructuring of its Versus line may not be Versace's only big business news this year, with new investors said to be quite interested in the family-owned Italian fashion house.
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The restructuring of its Versus line may not be Versace's only big business news this year, with new investors said to be quite interested in the family-owned Italian fashion house.

According to Italian newspaper Il Sole 24 Ore (via Business of Fashion), Qatar Holding, which currently owns UK department store Harrods, is “looking carefully” at Versace.

Italian state-owned investment fund Fondo Strategico Italiano has also expressed interest. According to BoF, Qatar and FSI entered into a joint venture recently to invest in Italian food and luxury brands--meaning the two investors could buy into Versace together.

But is Versace interested?

Last year, following rumors that it was considering an IPO, CEO Gian Giacomo Ferraris told WWD that "the family is evaluating possible alternatives," but that it "has no intention to sell any shares. It wants to be entirely independent and maintain 100 percent control over the company.”

Versace has become more attractive to investors recently, having returned to profitability in 2011, launched couture, increased worldwide exposure with a buzzy H&M collaboration; and now, its relaunched Versus line has the potential to be pretty successful.

Outside investors would allow for further expansion--both geographically (in terms of retail) and in terms of product.

Most likely, the family won't rush into anything and will do whatever is found to be in the best interest of the company.