×
89 184
Fashion Jobs
BLOOMINGDALE'S
Assistant Business Sales Manager
Permanent · NEWTON
COLUMBIA SPORTSWEAR COMPANY
Product Owner
Permanent · PORTLAND
UNDER ARMOUR
Warehouse Administrator, Transportation
Permanent · RIALTO
UNDER ARMOUR
Stock Teammate, Part-Time, 5am Tuesday-Saturday Shift, Starting Pay $15.25 Per Hour
Permanent · SAN DIEGO
UNDER ARMOUR
Stock Lead, ft
Permanent · GRAPEVINE
UNDER ARMOUR
Creative Lead, Digital
Permanent · REMOTE
UNDER ARMOUR
Stock Teammate, Part-Time, 4pm Shift, Starting Pay $15 Per Hour
Permanent · LAKEWOOD
URBN
Urban Outfitters Visual Merchandising Manager
Permanent · MALIBU
BATH & BODY WORKS
Financial Analyst, Store Design & Construction
Permanent · COLUMBUS
H&M
Payroll Reporting And Systems Manager
Permanent · SECAUCUS
H&M
Regional Data Privacy Manager
Permanent · NEW YORK
CLARKS
Sales And Service Manager
Permanent · BELFAST
BLOOMINGDALE'S
Trade Area Asset Protection
Permanent · BOCA RATON
BLOOMINGDALE'S
Asset Protection Supervisor, Full Time - Bloomie's Old Orchard
Permanent · SKOKIE
LINDSEY MEDIA
Logistics & Operations Coordinator
Permanent · NEW YORK
CLARKS
Warehouse Operative
Permanent ·
CLARKS
Global Retail Marketing Manager
Permanent · BOSTON
CLARKS
Merchandise Manager - Mens & Originals
Permanent ·
BLOOMINGDALE'S
Manager, Sales - Home/Registry
Permanent · MILLBURN
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Bloomie's
Permanent · FAIRFAX
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time - Roosevelt Field
Permanent · GARDEN CITY
BLOOMINGDALE'S
Asset Protection Outlet Associate, Part Time - Metro Pointe
Permanent · COSTA MESA
Translated by
Nicola Mira
Published
Dec 20, 2016
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Versace's board to feature shareholders only, stock exchange listing delayed?

Translated by
Nicola Mira
Published
Dec 20, 2016

Versace has reportedly decided that only shareholders are to sit on the board of directors: the Versace family, with nearly 80% of the stock, Blackstone with 20%, and CEO Jonathan Akeroyd.


Donatella Versace at the label's last show in September - © PixelFormula

 

Versace has reportedly decided that only shareholders are to be members of its board of directors. They are the Versace family, owner of nearly 80% of the stock through its Givi holding company, and the Blackstone private equity firm, owner of the remaining 20%, as well as CEO Jonathan Akeroyd. Independent members would therefore have to step down from the board. The news was reported by Italian daily paper Corriere Economia, according to which the decision would be motivated by the desire to streamline the decision-making process. FashionNetwork has contacted the fashion label, which has declined to comment.

Versace's current board of directors consists of Santo Versace, Chairman, Donatella Versace and Robert Singer, Deputy Chairmen, Jonathan Akeroyd, CEO, and Allegra Versace Beck, Donatella's daugther and the group's single largest shareholder. The other board members are Leonardo Del Vecchio, founder of Luxottica; Jean Paul Vivier; Andrea Valeri, Senior Managing Director at Blackstone and Nadia Alecci, Donatella Versace's lawyer. If only shareholders were to remain on the board, then Del Vecchio, Vivier, Singer and Alecci would step down.

The decision would also imply the postponement of the fashion label's stock exchange listing, which was rumoured to go ahead in 2017. According to Italian company legislation, a certain number of independent members are to be featured on a company's board of directors, in order for the company to be listed on the Milan Stock Exchange.

Versace's final figures for 2015 show a revenue of €645 million (+17.5%), EBITDA of €81 million (+19.8%), EBIT of €42.6 million (-7%) and a net income of €17.2 million, compared to €27.4 million the previous year.

Copyright © 2022 FashionNetwork.com All rights reserved.