Versace family plans to open its gates for outside investors to compete better in the global luxury.
Milan: Versace, the Italian lifestyle company intends to consider outside investors and may introduce public offering to compete better in the global luxury market.
The Italian family-owned fashion house Versace is known for its glamorous gowns worn by pop divas like Madonna and Lady Gaga. The company reaped profit in the last fiscal year for the first time since 2009.