The sale of Italian fashion house Versace could be announced "within hours", daily newspaper Corriere della Sera said on Monday, citing sources.
Donatella Versace, sister of late founder Gianni who doubles as artistic director and vice president of the group, has called a staff meeting for Tuesday, the day the official announcement could be made, the paper said.
Versace declined to comment on the report.
The paper added the brand, known for its Medusa head logo, could be valued at $2 billion (Dh7.3bn).
The report also cited rumours that the buyer could be US fashion group Michael Kors or jeweler Tiffany & Co.
___________________
Read more:
[ UAE modest shopping site The Modist teams up with global luxury platform Farfetch ]
[ Burberry vows to stop burning stock and will go fur free ]
___________________
Michael Kors and Tiffany could not be reached for comment.
Versace has been considering a listing, after US private equity group Blackstone bought a 20 per cent stake in 2014 to fund overseas expansion, although chief executive Jonathan Akeroyd told Reuters earlier this year there was no rush for a market debut.
The Versace family owns the rest of the company.