VERSACE And BLACKSTONE Work Together To Accelerate Expansion.

GIVIHoldingS.p.A and GianniVersaceS.p.A (Versace) announced the brand and private equity Investment company Hei Shi group (Hei Shi) has signed a contract. Hei Shi will inject 150 million euros into Versace and purchase 60 million euros worth of shares from GIVIHoldingS.p.A.

After careful consideration, Versace chose Blackstone as its partner in the next phase of the group's expansion plan. After the completion of the transaction, Blackstone will hold a 20% stake in the group (the market value of the group is 1 billion euros) and become one of the group directors.

　　 Versace The family still has group leadership, Ms. AllegraVersaceBeck, Ms. DonatellaVersace and Mr. SantoVersace are important members of the group.

DonatellaVersace, creative director of the group, said: "I am very happy to cooperate with Blackstone. I particularly appreciate the achievements of StephenSchwarzma. In the direction of Versace development, he coincides with our family goals. We are now enjoying a significant and unique position in the luxury apparel industry. I am confident that this new injection will help Versace develop our market in the market with our clear development direction and excellent management team. "

GianGiacomoFerraris, chief executive of Versace, said: "we are very excited about this new development. Over the years, we have nearly doubled the size of the group and stabilized our market position. The new development is a great recognition of our work in this field. Versace is a famous brand famous for the world. It is a big and reliable group. With the Blackstone injection, it will help the group business to be more advanced. "

　　 Blackstone StephenASchwarzman, chairman and President and co founder of the group, said: "I am very pleased to cooperate with the real fashion representative DonatellaVersace. She plays an important role in the fashion industry and has driven Versace into the ranks of the world's few international luxury apparel brands. We are honored to be part of this extraordinary achievement to help Versace continue to expand its business around the world. We expect to help Donatella and Versace's management team achieve their goals. "

Versace's injection will help the Group invest in retail and special store network development in existing and emerging markets, help Versace develop further development plan, expand the scale of various brands of the group, especially the sub line VersusVersace, and strengthen product development, strengthen accessories and online commerce and trade business.

Versace will announce its 2013 results by the end of March. It is expected that the group will increase its revenue by 18%, close to 480 million euros, and raise its profit (EBITDA) by more than 50%, at least 69 million euros before interest, taxes, depreciation and amortization.