Versace is one of the most renowned fashion labels in the world, and it’s not just because of its stunning designs and luxurious materials. The brand has been around for over four decades and has become a staple in the fashion industry.
But who owns Versace? Let’s take a closer look at the history of this iconic brand and its ownership.
Gianni Versace: The Founder
Gianni Versace was the founder of the Versace brand. Born on December 2, 1946, in Reggio Calabria, Italy, he had a passion for fashion from an early age. After studying architecture, Gianni began working in the fashion industry as a freelance designer.
In 1978, he launched his own line of clothing under the name Versace. His designs quickly gained popularity among celebrities and high-profile individuals. Gianni introduced bold patterns and bright colors into his designs, which became his signature style.
The Versace Family
After Gianni’s death in 1997, management of the company passed to his brother Santo Versace and his sister Donatella Versace. Together they have maintained Gianni’s legacy by continuing to create high-end clothing with innovative designs.
In 2004, Donatella became Creative Director of the company while Santo served as CEO. Since then, their roles have shifted slightly with Santo becoming Chairman of the Board while Donatella remains Creative Director.
Acquisition by Capri Holdings Limited
In September 2018, Capri Holdings Limited announced that it had acquired Versace for $2.12 billion USD. Capri Holdings Ltd is a global fashion luxury group that also owns Michael Kors and Jimmy Choo brands. The acquisition was seen as an attempt by Capri Holdings to expand its reach into Europe’s high-end luxury market.
Conclusion
In conclusion, the Versace brand has been owned by the Versace family for many years. However, in 2018, it was acquired by Capri Holdings Limited. The Versace family continues to play an active role in the company’s management and creative direction.
Versace’s bold designs and luxurious materials have made it a household name in the fashion industry. With its new ownership under Capri Holdings Limited, we can expect to see even more growth and expansion from this iconic brand in the future.
10 Related Question Answers Found
Versace is a world-renowned luxury fashion brand that has been around for over four decades. Founded by the legendary designer Gianni Versace in 1978, the brand has become synonymous with high-end fashion and opulence. But who actually owns the Versace brand today?
Versace is a name synonymous with luxury and high fashion. The Italian fashion house has been a prominent player in the industry for over four decades, known for its bold designs and iconic prints. But do you know who owns the fashion house Versace?
Versace is a luxury fashion brand that has been around for over 40 years. Founded by Gianni Versace in 1978, the Italian brand has become known for its bold designs, bright colors, and intricate patterns. However, after Gianni’s untimely death in 1997, the ownership of the Versace brand has changed hands several times.
Versace is a renowned Italian fashion house that has been a symbol of luxury and style for over four decades. The brand is known for its bold and provocative designs that have graced the runways of fashion capitals across the world. But have you ever wondered who owns this iconic fashion house?
If you are a fashion enthusiast, you must have heard of Versace. The brand is known for its bold designs, luxurious fabrics, and iconic prints. But have you ever wondered who owns the brand Versace?
Have you ever wondered who owns the iconic Versace label? Well, wonder no more! In this article, we’ll explore the history of the brand and its ownership.
Versace is a well-known brand that has been around for decades. The fashion house was established in 1978 by Gianni Versace. Since then, it has become a symbol of luxury and style.
Gianni Versace, the founder of the Italian luxury fashion house Versace, was tragically murdered in 1997. Since then, the brand has gone through several changes in ownership. Today, the company is owned by Capri Holdings Limited, a global fashion luxury group that also owns Michael Kors and Jimmy Choo.
Versace is a fashion brand that has become synonymous with luxury, glamour, and high-end fashion. The brand was founded in 1978 by the late Gianni Versace, who quickly became one of the most influential designers of his time. However, after Gianni’s tragic death in 1997, the Versace company underwent a significant change in ownership.
Gianni Versace, the Italian fashion designer founded Versace in 1978. Since then, the brand has become synonymous with luxury and glamour. However, after Gianni Versace’s untimely death in 1997, the ownership of the company has changed hands a few times.
