MILAN, Dec 1 (Reuters) - Italian fashion designer Versace
wants accessories to make up 40 percent of total sales, its
chief executive told Il Sole 24 Ore newspaper, but he added that
there were no plans for a second line or acquisitions.
"We are aiming to bring accessories from 30 percent to 40
percent of turnover," Giancarlo Di Risio said in an interview
published in the newspaper's Saturday issue.
"Our development will be entirely internal: we are staying
loyal to the high end of the market, there will not be any
second lines," he added.
Accessories such as bags, scarves and belts are attractive
sales for designers as they need less showcase space than
clothes and do not need to be made in many different sizes.
Many of Italy's designers such as Giorgio Armani and Dolce &
Gabbana have branched out into second lines to attract a younger
or less affluent clientele than their leading and couture
offers.
"Around 70 percent of our business today is new, it is not
coming from the traditional Versace customers," Di Risio said.
"And this is not so much because we have gone into new
geographic areas but because the image of the brand has
attracted new clients," he added.
Versace's design head, Donatella Versace, has been moving
away from the company's old image of flash and glitz to a more
wearable look. Her last womenswear show in September used
classic shirtdress styles and softly pleated evening gowns.
Di Risio said the company aimed to make Asia its second
market after Europe and ahead of the United States, pointing out
that "today China, and in future India, are growing more than
other countries".
He reiterated that a stock market listing was something that
could be considered in the medium to long term but was not a
necessity for the design house.
(Reporting by Jo Winterbottom, editing by Tony Austin)
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Keywords: VERSACE/