Fashion houses Versace to cut jobs, expects 2009 loss

Posted October 30, 2009 by gossipcheck Related Clubs: Angelina Jolie

MILAN (Reuters) Italian fashion house Versace is cutting about a quarter of its global workforce and expects to post a loss this year as it takes a hit from slumping demand for luxury goods and designer items in the financial crisis.

The celebrity-favorite fashion brand, whose gowns are worn by Hollywood actresses such as Angelina Jolie, is taking measures aimed at returning the group to profitability in 2011, it said in an emailed
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Tagged Clubs:

Celebrity Fashion	Hollywood	Milan	Italian	Angelina Jolie	House	Fashion	Favorite
2009	Design	designer	General	Brand	Versace	jobs	cutting
Reuters	hit	financial	Celebrity	Celebrities