Versace is a luxury fashion brand founded in 1978 by Gianni Versace, an Italian designer. The brand is known for its bold and iconic designs that have graced the runways for decades. However, many investors and fashion enthusiasts are curious about whether Versace is publicly traded on the New York Stock Exchange (NYSE) and how they can invest in this legendary brand.
Is Versace public?
The answer is both yes and no. Versace is not currently listed on the NYSE or any other stock exchange as a standalone company. The brand was previously listed on the Milan Stock Exchange but was delisted after being acquired by Michael Kors Holdings Limited (now known as Capri Holdings Limited) in 2018.
What happened after the acquisition?
After the acquisition, Capri Holdings Limited became the parent company of Versace, along with other luxury brands such as Michael Kors and Jimmy Choo. Capri Holdings Limited is listed on the NYSE under the ticker symbol “CPRI” and trades publicly.
How to invest in Versace
Since Versace is not listed on any stock exchange, it may seem impossible to invest directly in this iconic brand. However, investors can indirectly invest in Versace through its parent company, Capri Holdings Limited.
- Buy shares of Capri Holdings: As mentioned earlier, Capri Holdings Limited owns several luxury brands including Versace. By buying shares of Capri Holdings, investors can indirectly own a part of Versace.
- Invest in a mutual fund or ETF: Investors can also choose to invest in mutual funds or exchange-traded funds (ETFs) that hold shares of Capri Holdings Limited.
Conclusion
In summary, while Versace is not directly listed on the NYSE or any other stock exchange, investors can still invest in this brand by buying shares of its parent company Capri Holdings Limited or investing in a mutual fund or ETF that holds shares of the company.
Note: It’s important to do thorough research and consult with a financial advisor before making any investment decisions.