Comment by Tina Milton Beauty Editor
Tina Milton
15-Jan-2005
Italian beauty company Euroitalia has set the consolidation ball rolling for 2005 with its purchase of Versace's beauty division Giver Profumi in the closing days of last year
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The acquisition is likely to yield a number of synergies between Euroitalia's Dolce & Gabbana brand and the Versace beauty stable, and these are likely to give it more clout
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(15-Jan-2005) - Fashion brand Versace has sold its beauty portfolio, Giver Profumi, to Italian beauty house Euroitalia for an estimated price of between Eu45m and Eu50m ($58?$65m)
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Comment by Tina Milton Beauty Editor