Axar.az
UP
18 October 2018


Versace takeover will bring jobs to Italy

Home page Culture
12 Punto 14 Punto 16 Punto 18 Punto

Fashion house Versace did not receive any offers from Italian investors before selling to Michael Kors (KORS.N) but the deal with the U.S. fashion group will create jobs in Italy, creative director Donatella Versace told newspapers on Wednesday.

Axar.az reports citing Reuters.

“In the last year Versace has been approached by many people. French, American ... but no Italians. It was not us who refused to take part in an Italian group,” Donatella, the sister of Versace’s late founder Gianni, told Corriere della Sera.

She added the deal showed how desirable Italian brands are to foreign investors, speaking in similar interviews with daily la Repubblica and financial paper Il Sole 24 Ore, and dismissing criticism over a sale to foreigners.

“It’s an important share,” Donatella said, without giving details. The newspapers estimated the share would be between 1.5 percent and 2 percent.

“Be prepared, Versace will be now more powerful than ever,” Donatella said.

Date
2018.09.26 / 11:38
Author
Axar.az
Comments
See also

7 Psychological films make you watch it again

Eminem takes 'Venom' to a whole new level - Video

Baku hosts week of the Italian language

Azerbaijani music held at Italian President Palace

9 new films that can beat the autumn blues

US witches brewing up Kavanaugh curse

Minister attends SESCO General Conference in Morocco

OPEC countries increase output in September

Azerbaijani music to be played in Italy

Turetsky Choir performs at Heydar Aliyev Center

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla