Versace is in "no rush" to list on the stock market, its Chief Executive said on Saturday. The brand has been mulling a listing after private equity Blackstone bought a 20% stake in 2014 to fund its overseas expansion.
At Milan Fashion Week Men, the Italian label's designer, Jeremy Scott, surprised audiences with a high-impact collection in leather and vinyl, reinterpreting menswear codes with a sadomasochistic streak.
House of Fraser faced the same challenges endured by much of UK retail over the six-week Christmas period with a slow performance in stores, although margins improved. But unlike some, its web sales also proved weak.
As anticipated, Kering announced its plan to cut its majority stake in Puma to focus on its luxury houses instead. Puma's CEO also said the brand would not be picking up Kering's Volcom brand under the transition.