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By
Reuters
Published
Nov 28, 2013
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Versace shareholder sees new investor by Christmas

By
Reuters
Published
Nov 28, 2013

MILAN, Italy - A new investor is likely to buy into Italian fashion house Versace by Christmas, company president and shareholder Santo Versace said on Thursday.

"It is likely by Christmas but if it turns out to be Jan. 15 nothing changes. A first step has been taken, now the others must follow," Versace said.

He said a bourse listing had been considered in the past and could be an option again in the future.

"At present the best thing is to boost growth at a company which is valued above one billion euros currently and could be worth three times that in three years' time."

The luxury group plans to sell a stake of around 20 percent.

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