Italian fashion house Versace may consider an initial public offering and help from outside investors as it looks for investment to fund growth.
According to Reuters, the company needs financial help in order for it to compete better globally in the luxury market.
In a text to Reuters, Versace chief executive Gian Giacomo Ferraris said: “The management is studying some advisors, but no solution has yet been decided.”
It was also reported in Italian newspaper Il Mondo on Friday that the company has appointed Goldman Sachs to help seek a partner for the business or look at other financial solutions. However, according to Reuters, Ferraris said Versace had not given instructions to an advisor yet.
Versace is currently owned by the Versace family, with designer Dontella Versace, her brother Santo and her daughter Allegra owning the company.
Other businesses in the luxury market including Prada, Salvatore Ferragamo and Brunello Cucinelli have listed on stock market in the last year.
In March the Italian fashion house announced it returned to profit in 2011 after a 16.4% rise in revenues.
Sales rose from €292.3m (£243.8m) to €340.2m (£283.7m). Retail sales were up 17.3% to €161.7m (£134.8m) for the year and wholesale sales were up 22.5% at €142.6m (£118.9m). The company produced a net profit of €8.5m (£7.1m) compared with a previous loss of €21.7m (£18.1m). EBITDA rose by 73% to €38.7m (£32.3m).