More Details on Blackstone's Investment in Versace
The private equity firm will have invested $208 million in two installments by late June.
Santo Versace
Versace Chairman Responds to Rumors He's Selling His Stake in the Company
Could Versace be going the way of other iconic family-owned Italian label Valentino which sold for $852 million last year? According to WWD, an Italian paper reported that a Korean fund was in talks with Versace chairman Santo Versace to acquire his 30% stake in the company. Now, Santo Versace has responded, calling the rumors completely false, the trade is reporting. But while Santo may not be selling his shares now, could outside investment be part of the company's future?