With the funding the Italian label has received from its investment, Versace aims to expand its retail network, following the opening of a 7,560 square foot store in Hong Kong end of May. The label is also preparing to open a new flagship store in Galleria Vittorio Emanuele II during Milan Fashion Week in September.
Gian Giacomo Ferraris, chief executive officer of Versace revealed to WWD that the new store would showcase the label's growing accessories range. He added that Versace was doubling the rollout of its fusion line Versus across the global, with focus on the UK and Asia. “This year will be one of a gentle, double-digit [like-for-like] growth,” he concluded, highlighting the stability of the US.