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Versace hopes flotation will increase revenue to 1 billion euros

By Don-Alvin Adegeest

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Italian fashion giant Versace is hoping a flotation will help it to increase revenue to nearly 1 billion euros. Versace’s chief executive Gian Giacomo Ferraris said he hopes the Italian fashion house will float on the stock exchange "as soon as possible" after predicting the rise in sales.

"The family has chosen the stock exchange to be independent and wants to retain control in the middle-long term," he said.

Revenues in 2009 came in at 277 million euros and the company then was making a loss but Ferraris said 2015 revenues are expected to reach 640 million euros.

Versace