Is Versace Listed on the New York Stock Exchange?

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Are you curious to know whether Versace, the renowned fashion brand, is listed on the New York Stock Exchange? Let’s dive into it.

What is Versace?

Versace is an Italian luxury fashion company that was founded in 1978 by Gianni Versace. The brand is known for its bold designs, vibrant colors, and glamorous aesthetic. Versace offers a wide range of products including clothing, accessories, fragrances, and home furnishings.

What is the New York Stock Exchange?

The New York Stock Exchange (NYSE) is one of the largest stock exchanges in the world. It is located in New York City and has been in existence since 1817. The NYSE facilitates trading of stocks and other securities between buyers and sellers.

Is Versace Listed on the New York Stock Exchange?

No, Versace is not currently listed on the New York Stock Exchange. However, it was once a publicly traded company before being acquired by Michael Kors Holdings Limited (now Capri Holdings Limited) in 2018.

Versace’s Previous Listing

Before being acquired by Capri Holdings Limited, Versace was listed on the Milan Stock Exchange in Italy. The company went public in 1997 and traded under the ticker symbol VERS.

Despite its initial success as a publicly traded company, Versace faced financial difficulties after Gianni Versace’s death in 1997. This led to a decline in sales and profit margins which eventually led to its delisting from the Milan Stock Exchange.

The Acquisition by Capri Holdings Limited

In September 2018, Capri Holdings Limited announced that it had acquired Versace for $2.1 billion USD. Following this acquisition, Donatella Versace (Gianni’s sister) remained as creative director while Jonathan Akeroyd became the CEO of the company. Since then, Versace has continued to thrive as a luxury fashion brand under the umbrella of Capri Holdings Limited.

Conclusion

In summary, Versace is not currently listed on the New York Stock Exchange. However, it was previously listed on the Milan Stock Exchange before being acquired by Capri Holdings Limited in 2018. Despite its delisting from the Milan Stock Exchange, Versace has remained a prominent and successful luxury fashion brand under its new ownership.

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