Blackstone in running for Versace

riva

rivate equity firm Blackstone is among potential bidders for a minority stake in Italian fashion house Versace, sources told Reuters yesterday. Versace, which is selling a 15-20 per cent stake to fund growth, is yet to draw up a short list of potential buyers and is still considering expressions of interest, other sources said. A representative for Blackstone declined to comment yesterday. Chief executive Gian Giacomo Ferraris said in September that Versace planned to finalise a shortlist of potential investors by mid-October. The stake sale is seen by management as the first step towards a public listing for the company.