Today in luxury marketing:
Versace profits rise 27.6pc
Boosted by gains at both its retail and wholesale channels and growth in all its main markets, Versace posted a 27.6 percent increase in net profits in 2013 reaching 10.9 million euros, or $14.4 million. This compares with 8.5 million euros , or $10.8 million in 2012. In the 12 months ended Dec. 31, sales were up 17.2 percent to 479.2 million euros, or $ 632.5 million, per Women's Wear Daily.
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