Versace gets ready to go public once markets fare well

(AGI) Milan, Sept 22 - Italian fashion group Versace is gettingready to go public although the date has not been decided yet."The operation also depends on external factors like stockmarket performance," said Versace CEO Giangiacomo Ferraris inMilan on Tuesday during a meeting of Altagamma, a global marketmonitoring association. "We are making serious preparations tobe listed on the stock exchange. Our fundamentals are sound.The aim is to assure longevity for the company independentlyfrom the family and structure it in a way to make it morecompetitive," he said. The Blackstone investment fund owns

(AGI) Milan, Sept 22 - Italian fashion group Versace is gettingready to go public although the date has not been decided yet."The operation also depends on external factors like stockmarket performance," said Versace CEO Giangiacomo Ferraris inMilan on Tuesday during a meeting of Altagamma, a global marketmonitoring association. "We are making serious preparations tobe listed on the stock exchange. Our fundamentals are sound.The aim is to assure longevity for the company independentlyfrom the family and structure it in a way to make it morecompetitive," he said. The Blackstone investment fund ownsa 20 percent stake in the company and has not yet decided theprice of the quotation. Mr. Ferraris continued: "There areseveral options: we also have a considerable market share inAsia, our partner Blackstone is American and our brand is basedin Italy. We will decide when the time comes." Commenting onthe present performance of import markets, he added: "Chinaworries us, as does Russia, but during the last five years wehave become more resilient." (AGI) . .