But in order to counter act the cuts and closures Versace has launched a lower-priced Versace Collection that will cost 30-40% cheaper than their main line and an even lower priced line designed by Christopher Kane called Versus.
Oh, and we can't forget they're attempting to sell what will probably be a ridiculously priced cell phone.
Seems like they're putting all their eggs in different high priced baskets. Hopefully it'll work out for them.
[Image via AP Images.]