Is Versace on the NYSE?

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If you’re a fashion enthusiast, you might be curious about whether Versace is on the NYSE or not. The New York Stock Exchange (NYSE) is one of the world’s largest stock exchanges by market capitalization and is home to some of the biggest companies in the world. In this article, we will explore whether Versace is on the NYSE or not.

What is Versace?

Before diving into whether Versace is on the NYSE or not, let’s take a brief look at what Versace is. Versace is an Italian luxury fashion company that was founded by Gianni Versace in 1978.

The brand produces clothing, accessories, fragrances, and home furnishings. The brand has become synonymous with high-end luxury and has a loyal customer base worldwide.

Is Versace on the NYSE?

The answer to this question is no; Versace is not listed on the New York Stock Exchange (NYSE). In fact, none of the top Italian luxury fashion brands like Gucci, Prada, or Armani are listed on the NYSE. Instead, these companies are listed on various European stock exchanges such as Borsa Italiana in Milan and Euronext Paris.

Why isn’t Versace on NYSE?

There could be several reasons why Versace has chosen not to list itself on the NYSE. One reason could be that it wants to maintain its Italian heritage and identity by being listed on a European stock exchange. Another reason could be that it wants to avoid being subject to U.S regulations and reporting requirements that come with listing in an American stock exchange.

Versace’s current ownership

In September 2018, Michael Kors Holdings Limited acquired Gianni Versace S.p.A for $2.12 billion USD (1.83 billion euros). The acquisition was made to expand Michael Kors’ presence in the luxury fashion market. Following the acquisition, the company was renamed to Capri Holdings Limited, which is listed on the NYSE.

Conclusion

In conclusion, Versace is not listed on the NYSE, and there could be several reasons behind this decision. However, it’s worth noting that Versace’s parent company, Capri Holdings Limited, is listed on the NYSE. If you’re interested in investing in luxury fashion companies like Versace, you can do so by investing in Capri Holdings Limited.

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