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Blackstone will take a 20 percent stake in Verace


Rae

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http://upstart.bizjournals.com/money/loot/2014/02/27/versace-sells-blackstone-minority-stake.html?page=all

 

A good read. 

 

The article commented on Gaga.

 

" A refreshingly fresh-faced Lady Gaga was announced last fall as the model for its spring/summer 2014 advertising campaign, another promising sign for the brand. The Versaces will remain hands-on with the family business, as evidenced by the negotiations with Blackwell."

 

"Donatella, who owns 20 percent of the company has been palling around with Lady Gaga at fashion shows, the two looking like mother and daughter with their long blond tresses and similar outfits. Her brother, Santo, who is company president has a 30 percent share, while her daughter Allegra owns 50 percent of the company and sits on the board."

 

Positive article for Gaga and Donatella.

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hughdancy

inb4 blackstone hate Gaga and want her out, no Versace fashion, etc... :toofunny:

:rip: the betrayal

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