9 January 2023

The Capri Holdings brand, Versace, has obtained a three-year term loan of 450 million euros from a group of three banks BNP Paribas, Intesa Sanpaolo and Unicredit.

 

 

The credit line is guaranteed by Capri Holdings, and there will have to be a formal communication to the Stock Exchange to reveal how the disbursed capital will be used.


In the last fiscal year Versace exceeded the threshold of one billion dollars in turnover, up 52.8%), with operating profit growing to US$185 million, compared to US$21 million in the previous financial statements.


Most recently John Idol, CEO of Capri Holdings, has announced that the development of the brand will be in leathergoods.

About APLF

We bring leather, material and fashion businesses together: an opportunity to meet and greet face to face. We bring them from all parts of the world so that they can find fresh partners, discover new customers or suppliers and keep ahead of industry developments.

 

We organise a number of trade exhibitions which focus on fashion and lifestyle: sectors that are constantly in flux, so visitors and exhibitors alike need to be constantly aware both of the changes around them and those forecast for coming seasons.

 

APLF Fairs follow Informa AllSecure, Informa’s approach to enhanced health and safety standards at events in the aftermath of COVID-19.

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