Donatella Versace - Chief Brand Ambassador of Versace

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“A pool of banks led by Goldman Sachs is ready to give Prada a €2.5 billion ($2.77 billion) financing line to help the Italian fashion group in its acquisition of Capri Holdings-owned Versace, Italian daily MF reported on Friday.

Some €1.5 billion would be used for the acquisition, while the remaining €1 billion would be used to relaunch the struggling takeover target, the report added.

Goldman Sachs was not immediately available for comment.”

Source: BOF
 
I am so curious to see how Prada will actually handle Versace. This is some serious investment happening so I hope they are intending to make it work.
With that kind of money they're for sure doing business I guess they'll have two different Italian women conservative and the other loud and brash it could work
 
I mean that kind of investment at least shows that they're serious about taking the brand far instead of relegating it into obscurity. Their direction and strategy, however, is a whole other discussion.
 
US Vanity Fair June 1997
La Bella Donatella

Photo Herb Ritts
Stylist L'Wren Scott
Text Cathy Horyn
Subject Donatella Versace
Hair Carlos Merlo
Makeup Jo Strettell


vf
 

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