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Versace sale to be announced soon- paper

Brand valued at 2 bn dollars could be sold to U.S. fashion group

Redazione Ansa

(ANSA) - Milan, September 24 - The sale of Italian fashion house Versace could be announced soon, Milan daily Corriere della Sera said Monday, citing unnamed sources.
    The report said the fashion house could be valued at two billion dollars, indicating as potential buyers US fashion group Michael Kors Holdings or Jeweler Tiffany & Co.
    The paper added that Donatella Versace, sister of late founder Gianni who works in the company as its artistic director and vice-president, could make an announcement in the coming days, possibly as early as Tuesday.
   

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