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May 04, 2006
Report: Versace Readying For IPO
Versace posted better-than-expected results for 2005, leading to speculation that the Italian brand could soon be ready for an IPO.
The company trimmed its operating losses from $114 million to $7 million last year, opening the possibility that it could turn a profit by the end of this year. If it does, the Versace family could begin considering a public sale in 2007, company chief executive Giancarlo Di Risio recently told WWD.
Posted by Blacks on May 4, 2006 08:44 AM
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