Fashion News: Versace: will be sold for 1 billion?

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The famous Italian brand received a huge offer to sell his share.
It has long been debated whether Versace house will sell its shares and to whom, accordinf to the publications several offers have already been made. Currently 20% of Versace held by Donatella, while 50%’s daughter Allegra Beck and seems to be in talks to sell a small share of the famous Italian firm.

This week it is said that Donatella will meet to chat offers with the investors, with the largest proposal has been made by the investment company FSI (Fondo Strategico Italiano) offered 1.1 billion euros to acquire a stake in Versace. An amount exceeding over sixteen times the company’s earnings before interest, taxes, depreciation and amortization.

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