Santo Versace, the chairman of Versace, the Italian fashion house, is looking for a private equity firm to buy a 25% stake in the family-owned business.

The chairman, who owns 30% of Versace, said in an interview with Corriere della Sera, the Italian newspaper: "It would be better to sell to a financial buyer, such as a private equity house."

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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Versace seeks private equity investor

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