beijing - the current economic crisis in american has not only affected americans, but people and industries all over the world, the fashion industry being among those hit. however, versace has announced that they do not expect the current situation to do to much damage - a strong asian market will help it coast through the economic mess. the chief executive of versace, giancarlo di risio, said that he believes the asian market will be the second biggest market after his native europe in under a year. therefore, versace is investing $56 million to fortify its presence in asia, and opening dozens of stores china, taiwan, and japan.
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