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.
French fashion label Saint Laurent, part of Kering, will start selling online in China through a JD.com portal, joining shopping players like Alibaba in trying to tap strong luxury goods demand from Chinese consumers.