Friday, October 9, 2009
Versace exits Japan
Versace has closed its Japanese stores and is to reassess its global strategy under new chief executive Giangiacomo Ferraris, who was appointed in June.
A spokeswoman told Reuters: “Following the arrival of the new chief executive, the entire business strategy is under review.”
The Italian luxury label has closed its Japanese stores but plans to retain a presence in the country via new distribution channels.
The Versace spokeswoman said: “The Versace boutiques
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