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0 · Versace Sells Minority Stake to Blackstone
1 · Fashion house Versace sells stake to Blackstone to fund growth
2 · Blackstone cashes in on Versace's $2.1B sale to Michael Kors
3 · Blackstone agrees to take 20% stake in Versace
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On Tuesday, fashion brand Michael Kors agreed to purchase Versace for an . MILAN—Gianni Versace SpA agreed to sell a 20% stake to private-equity firm . Blackstone has agreed to inject cash into Italian luxury designer Versace to help the family-owned company boost its presence in emerging . In fact, the brand ran losses from the late 1990s to 2011, with the family selling a 20 percent stake to Blackstone in 2014 — a deal that valued the fashion house at .4 billion. . and we played an integral role in helping accelerate Versace’s growth," Blackstone chairman and chief executive Stephen A. Schwarzman said in a statement. "We .
This demonstrates our belief in the long-term success of Versace and commitment to this new global fashion luxury group.” “Versace’s management team will continue to be led by Chief Executive Officer, Jonathan Akeroyd, who has been an instrumental partner to Donatella in driving growth and success for Versace worldwide,” adds Idol. Blackstone Group is close to getting its hands on a minority stake in Gianni Versace that could value the Italian fashion house at about €1.1 billion.
NEW YORK (AP) — Michael Kors is buying the Italian fashion house Versace in a deal worth more than billion (1.83 billion euros), continuing its hard charge into the world of high-end fashion. . The investment firm Blackstone owns the remaining 20 percent. Kors prevailed in what was an active sale process, sparked at least in part by Blackstone, which bought 20 percent of Versace in 2014 and was eyeing an exit. There are few fashion properties with .
Versace Sells Minority Stake to Blackstone
* Blackstone to inject 150 mln euros in fresh capital * To pay Versace holding 60 mln euros for shares * Versace family to remain at heart of group MILAN, Feb 27 (Reuters) - Italy's Versace agreed . Further, Capri paid .0 billion (2.3 times sales and 22 times on an EV/EBITDA basis) to acquire the Versace brand from the founding family and Blackstone. The deal also strikes us as quite rich . News business : Italian fashion house Versace signed a deal on Thursday to sell a 20 percent stake to U.S. private equity firm Blackstone, spokespeople for the two companies said on Friday. (#526648)
In the reported deal, the Versace family would continue to have a role in their company. Victor VIRGILE // Getty Images. Though Versace is a privately owned company, Blackstone Group LP, a US .
The deal was officially announced on Tuesday. Michael Kors will acquire Versace for .12 billion, with plans for the company including expanding its store fleet and online presence, adding more . Gianni Versace reached an agreement to sell a 20% stake to private-equity fund Blackstone in a deal that values the Italian fashion house at .4 billion. There is a huge amount of ambition from the Versace family and from Blackstone, and Blackstone is definitely in line with the family’s vision.” . Following the deal, Blackstone was to inject . The US fashion group has agreed to buy the Italian firm in a deal worth about €1.7bn (bn, £1.5bn), Reuters reported. . Versace and Blackstone both declined to comment to Reuters. Last year, .
The two powerful executives' companies entered a deal Blackstone will take a 20% stake in Italian luxury group Versace. Blackstone will inject some 4 million into the company and acquire . Blackstone Group LP owns 20 percent of Versace, which sells leopard-print sweatshirts for 2,100 euros (,470) and 995-euro tartan-covered sneakers. Italy's Versace agreed a deal with Blackstone on Thursday that will see the U.S. private equity firm take a 20 percent stake in the fashion house in a deal valuing the company at one billion euros .
U.S. fashion group Michael Kors has agreed to take control of Versace in a deal that values one of Italy's most prized designers at billion, the company announced Tuesday. Apparently, Ms Versace also hit it off with . Stephen Schwarzman, Blackstone’s famously high-living founder, helping to seal the deal. “We are proud of the deal, but also proud we built up a . Blackstone owns companies across multiple sectors including real estate, private equity, hedge fund solutions, and credit strategies. Their vast portfolio includes notable names like Hilton Worldwide, Merlin Entertainments Group (the company behind Legoland), and even Versace – yes, the iconic fashion brand!
MILAN, Italy — New York private-equity fund Blackstone Group is said to be taking a 20 percent stake in Gianni Versace SpA, after a drawn-out bidding process that also included Investcorp and CCMP. The Blackstone Group will reportedly buy a 20 percent stake through a capital increase of 5.8 million (€150 million), acquiring shares valued at .3 million.
Italy's Versace agreed a deal with Blackstone on Thursday that will see the U.S. private equity firm take a 20 percent stake in the fashion house in a deal valuing the company at one billion euros (823.31 million pounds). Blackstone will inject 150 million euros of fresh capital into Versace and will also buy 60 million euros of shares from family holding company GIVI .
Վերսաչե բրենդը կազմված է նորաձևության մի քանի ճյուղերից՝ Վերսաչե Ատելիե, Վերսաչե Կուտյուր, Վերսաչե Սպորտ, Վերսաչե Տնային հավաքածու, Վերսաչե Ջինս Կուտյուր, Վերսաչե Հավաքածու, Վերսաչե Երիտասարդների համար և Վերսուս . Blackstone agrees to buy 20% of Versace for 7m Blackstone will inject 150 million into Versace and pay 60 million for shares owned by the Milan-based company's family owners, the parties said . In 2021, Blackstone announced a majority investment in SPANX, the revolutionary womenswear brand founded by Sara Blakely.The acquisition was the culmination of an unprecedented journey for SPANX and Blakely, who started the company in 2000 with ,000 in savings, writing her own patent and inventing the first SPANX undergarment in her apartment.
The deal was struck between Blackstone and Gianni Versace SpA, which is entirely controlled by GiVi Holding. Blackstone will own 20 percent of Versace SpA, with GiVi Holding maintaining the . Italy's Versace said on Thursday it had signed an agreement with Blackstone that will see the U.S. private equity firm take a 20 percent stake in the fashion house in a deal valuing the group at .
Fashion house Versace sells stake to Blackstone to fund growth
The Versace family had, in turn, received shares in Capri Holdings Limited equivalent to 3 million in the form of purchase consideration. Further, as part of the deal, Blackstone who was a joint owner of Versace fully exited its investment with the fashion house. Purpose of the deal
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Blackstone cashes in on Versace's .1B sale to Michael Kors
Last updated: June 28, 2023. Gucci and Louis Vuitton are two of the most valuable luxury fashion brands. For decades, they have been rivals battling for the attention of the richest customers around the globe. So in the clash Gucci .
versace blackstone deal|Versace Sells Minority Stake to Blackstone
