Last year, the company opened a spanking 2800 sq. 5-storey boutique in Manhattan's former Vanderbilt mansion, next to Cartier. Other imposing stores were opened on Vienna's Graben and in Prague. Versace was one of the first brand names to expand in Russia where the company opened a franchised boutique in Moscow a few years ago. The location, Kuznetsky Most, is now home to many international designers like Ferr and Valentino.
Observers however are quite confident of the company's strength and future sales performance.