Reuters reports that Versace chairman Santo Versace says the company saw an improvement in sales in May and June compared with previous months.
Santo Versace told reporters there was a net improvement in May and June sales and consumption, compared with the start of the year.
"This is for Versace and also the general sensation I have from speaking to others," he said, adding demand in the past two months had held steady when compared with last year.
"(But) no-one can say the crisis is finished," he said.
Reuters says Versace's revenue fell 13.4% in Q1 but was better in April and May. This would match some trends reported elsewhere that the economy appears to be bottoming out. The concern is that the positive trends may not hold if heavy job losses continue this summer.
Reuters 
