* 2009 revenue fell to 268 mln euros
* FY operating loss of 49.6 mln euros
* Q1 retail sales, orders up
MILAN, June 7 Versace is looking to return to
profit in 2011, after restructuring and weak demand dragged
down revenue in 2009, the Italian fashion house said on
The Medusa-logoed group, which cut its workforce to return
to profitability, said retail sales and orders rose in the
first quarter of 2010, signalling changes were paying off.
Versace, whose evening gowns have been worn by film stars
Drew Barrymore and Penelope Cruz and pop diva Madonna, posted a
consolidated operating loss of 49.6 million euros in 2009,
compared with a loss of 400,000 euros a year earlier.
Revenue fell to 268 million euros ($320 million) last year
from 336.3 million in 2008, as the downturn sapped appetite for
"The sales trend has been influenced by weakness in demand
and the reorganisation of our distribution network," Chief
Executive Gian Giacomo Ferraris said in a statement.
Versace, owned by design head Donatella Versace, her
daughter Allegra and her brother Santo, has recently moved away
from its trademark glitz to include outfits with broader
(Reporting by Antonella Ciancio; Editing by Steve Orlofsky)