MADRID: Luxury fashion house Versace on Thursday said its revenues grew 17.5 percent last year, thanks largely to sales of its accessories and its cheekier second line, Versus.
While the brand’s revenues grew by 645 million euros (US$720 million), its retail sales were 28.9 percent higher at 400.7 million euros and income from e-commerce was up 31.2 percent. This year Versace said it will invest up to 50 million euros for new store openings and major store refurbishments.
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