The Capri Holdings brand, Versace, has obtained a three-year term loan of 450 million euros from a group of three banks BNP Paribas, Intesa Sanpaolo and Unicredit.

The credit line is guaranteed by Capri Holdings, and there will have to be a formal communication to the Stock Exchange to reveal how the disbursed capital will be used.

In the last fiscal year Versace exceeded the threshold of one billion dollars in turnover, up 52.8%), with operating profit growing to US$185 million, compared to US$21 million in the previous financial statements.

Most recently John Idol, CEO of Capri Holdings, has announced that the development of the brand will be in leathergoods.