Italian fashion powerhouse Versace may be going public, sources say. The brand opened their first boutique in Milan's Via de Spiga in 2000, a humble beginning for their now legendary status as a designer and retailer.
Since that time, Versace has exploded. They design and market luxury clothing, accessories, make up, and home furnishings. It hasn't always been rainbows and butterflies for the brand, however. In 2001, they hit a financial crisis and had to restructure the company, and now it seems they are restructuring again, but this time in the form of an IPO.
We won't know the real truth until at least October, but that doesn't stop us from guessing. Now we know that their products are amazing, but will a public offering change that?
We've seen it too many times, and not just in fashion. A company that doesn't pander to investors and shareholders is a company that keeps its own style. We love Versace's style, and we're hoping things don't change for the worse.
Obviously there has been no deal set in stone, but there are musings from the top of the company that this is a definite possibility. Wall Street gurus are rubbing their hands together in anticipation for the cashflow that a public Versace could bring.
Versace's assets count for a lot more than just clothes. They're the only fashion company that also runs a hotel; a magnificent hotel at that. It's things like this that make the IPO a veritable tidal wave of money.
Enough with the here-say, I guess we're just going to have to wait and see what happens. Until then, Drobers.
With Style,
Your MyDROBE Team
No comments:
Post a Comment