Thursday, October 29, 2009

Versace hands out the pink slips- not of the variety you can wear

Versace Group just released a statement that they're going to cut 26% of their workers to hopefully turn a profit in 2011. The fashion house which claims to be opperating at a loss of $30 million in 2009 and hopes to just break even in 2010, said that by cutting more than a quarter of their work force, they hope to be crawling out of the red by 2011. I guess this means Donatella will have to cut back on her nip tuck visits...

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