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August 31, 2015 10:17 PM ET

Textiles, Apparel and Luxury Goods

Company Overview of Gianni Versace S.p.A.

Company Overview

Gianni Versace S.p.A. manufactures and distributes clothes and accessories for men and women. The company offers bags, shoes, pens, eyewear, fragrances, watches, jewelry, and home products. It sells products online. The company was founded in 1978 and is based in Milan, Italy. Gianni Versace S.p.A. operates as a subsidiary of GIVI Holding S.p.A.

Via Manzoni, 38

Milan, MI 20121

Italy

Founded in 1978

Phone:

39 02 760931

Fax:

39 02 76 00 41 22

Key Executives for Gianni Versace S.p.A.

Chief Executive Officer
Chairman and President
Age: 70
Chief Executive Officer of U.S Operations
Vice President, Creative Director, and Director
Age: 56
Director of Wholesale Worldwide
Age: 45
Compensation as of Fiscal Year 2015.

Gianni Versace S.p.A. Key Developments

Versace Opens New Hawaii Store at Ala Moana Center

Versace has opened a new Hawaii store at Ala Moana Center in the former Big Island Candies space between Tumi and Armani Exchange in the mall's Macy's wing. The Versace store marks a reentry into the Hawaii market for the Italian luxury brand. Many years ago, there was a Versace Collections store at the state's shopping center, which sold the Versace brands via an exclusive licensing agreement, a former store employee previously told PBN.

Gianni Versace Plans For IPO

Gianni Versace S.p.A. is planning for an initial public offering (IPO) in the next three to five years. Gian Giacomo Ferraris, Chief Executive Officer of Gianni Versace said, "The vision is to maintain independence. In this intermediate period you need a financial investor, not a strategic investor. If you compare us with competitors, we deserve to be bigger. That is why we need a little financial help."

Gianni Versace Reportedly To Sell Stake To Blackstone

Gianni Versace S.p.A. is close to a transaction to sell its 20% stake toThe Blackstone Group L.P. (NYSE:BX), a person familiar with the situation said. After months of negotiations, the Versace familly which controls the company is near a decision to sell a 20% stake to the investment fund for as much as €200 million. Another person close to the negotiations cautioned that Versace and Blackstone hadn't yet reached a deal and that the situation remained fluid. Blackstone had been shortlisted together with Investcorp Bank B.S.C. and CCMP Capital Advisors, LLC to buy a stake and they all presented their bids last week. According to one of the people, a deal with Blackstone would value Versace at about €1.1 billion, more than any of the other suitors offered. The family, who hired Goldman Sachs Group Inc. and Banca IMI to run the auction, should make their decision official in a couple of weeks, another person previously said.

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