Models walk at the Versace show during Milan Fashion Week Spring 2019 in Milan, Italy, September 21, 2018. Reuters
Models walk at the Versace show during Milan Fashion Week Spring 2019 in Milan, Italy, September 21, 2018. Reuters

Potential Versace acquisition is the talk of Milan Fashion Week



The sale of Italian fashion house Versace could be announced "within hours", daily newspaper Corriere della Sera said on Monday, citing sources.

Donatella Versace, sister of late founder Gianni who doubles as artistic director and vice president of the group, has called a staff meeting for Tuesday, the day the official announcement could be made, the paper said.

Versace declined to comment on the report.

The paper added the brand, known for its Medusa head logo, could be valued at $2 billion (Dh7.3bn).

The report also cited rumours that the buyer could be US fashion group Michael Kors or jeweler Tiffany & Co.

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Michael Kors and Tiffany could not be reached for comment.

Versace has been considering a listing, after US private equity group Blackstone bought a 20 per cent stake in 2014 to fund overseas expansion, although chief executive Jonathan Akeroyd told Reuters earlier this year there was no rush for a market debut.

The Versace family owns the rest of the company.

THE SPECS

Touareg Highline

Engine: 3.0-litre, V6

Transmission: 8-speed automatic

Power: 340hp

Torque: 450Nm

Price: Dh239,312

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
THE DETAILS

Solo: A Star Wars Story

Dir: Ron Howard

Starring: Alden Ehrenreich, Emilia Clarke, Woody Harrelson

3/5

Liverpool’s fixtures until end of 2019

Saturday, November 30, Brighton (h)

Wednesday, December 4, Everton (h)

Saturday, December 7, Bournemouth (a)

Tuesday, December 10, Salzburg (a) CL

Saturday, December 14, Watford (h)

Tuesday, December 17, Aston Villa (a) League Cup

Wednesday, December 18, Club World Cup in Qatar

Saturday, December 21, Club World Cup in Qatar

Thursday, December 26, Leicester (a)

Sunday, December 29, Wolves (h)