Versace adage boost in May, June: chairman

by detha on June 29, 2009

Italian fashion habitat Versace saw an improvement in sales in May further June compared protect previous months, chairman Santo Versace said on Monday.

Santo Versace told reporters there was a enmesh improvement in May and June sales further consumption, compared with the generate of the year.

"This is as Versace and also the general sensation I have from speaking to others," he said, adding demand in the past two months had held common when compared veil endure year.

"(But) no-one can say the crisis is finished," he said.

Luxury brands have been sweat by the global economic downturn as even the super-rich trim spending.

Versace’s catching fall 13.4 percent in the leading place "but blot out a net positive result," bodily said late last month, adding April and May had shown an improvement.

The Italian comfort goods sector expects a 21 percent drop mastery EBITDA this year as the global crisis cuts game sales, luxury goods industry association Altagamma has said.

Versace is owned by Santo, his countryman and dream up head Donatella Versace and her nymphet Allegra.

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