Who Owns the Versace Company Now?

|

thedutchladydesigns

by

Versace is one of the most iconic fashion brands in the world, known for its luxurious designs and bold aesthetic. Founded by Gianni Versace in 1978, the company has undergone several changes over the years, including ownership changes. In this article, we’ll take a closer look at who owns the Versace Company now.

History of the Versace Company

Gianni Versace launched his eponymous brand in 1978 in Milan, Italy. The company quickly gained a reputation for its high-end fashion designs, which incorporated bold prints and bright colors. In 1997, however, tragedy struck when Gianni was killed outside his Miami home.

Following Gianni’s death, his sister Donatella took over as creative director of the company. Under her leadership, Versace continued to thrive and expand into new markets. In 2018, it was announced that Donatella had sold a majority stake in the company to an American fashion group.

The Acquisition by Michael Kors

In September 2018, it was announced that Michael Kors Holdings Limited had acquired Versace for $2.1 billion. The deal included both the brand’s fashion and home collections.

Michael Kors is a well-known American fashion brand that specializes in luxury accessories such as handbags and watches. The acquisition of Versace marks a significant expansion for the company into high-end fashion apparel.

The New Name: Capri Holdings

As part of the acquisition deal, Michael Kors Holdings Limited changed its name to Capri Holdings Limited. This new name reflects not only the addition of Versace to its portfolio but also its existing brands including Jimmy Choo.

Capri Holdings is now a global luxury fashion group with brands across multiple categories including footwear, apparel, and accessories.

What Does This Mean for Versace?

While the acquisition by Capri Holdings may seem like a significant change for Versace, the brand’s identity and vision remain intact. Donatella Versace continues to serve as creative director, ensuring that the brand’s iconic designs and aesthetic are maintained.

The acquisition also opens up new opportunities for Versace to expand into new markets and reach a broader audience. With the backing of a global fashion group, the brand is poised for continued success and growth.

Conclusion

In conclusion, Versace is now owned by Capri Holdings Limited, which acquired the company in 2018. While this marks a significant change in ownership, the brand’s identity and vision remain intact under the continued leadership of Donatella Versace. With this new partnership, Versace is well-positioned for continued success and growth in the luxury fashion industry.

7 Related Question Answers Found

Who Owns Versace Brand Now?

Have you ever wondered who owns the luxurious fashion brand Versace? The answer might surprise you. In 2018, Versace was acquired by the American fashion group, Michael Kors Holdings Limited.

Who Owns Versace Today?

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.

Who Owns the Versace Company?

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.

Who Currently Owns Versace?

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.

Who Is the Current Owner of Versace?

If you are a fashion enthusiast, you must have heard of Versace – one of the most iconic Italian luxury fashion brands. The brand has been around for over four decades and has a rich history that is steeped in glamour and excess. However, there have been some changes in the ownership of Versace over the years.

Who Owns the Versace Brand?

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.

Who Owns the Versace Empire?

If you’re a fashion enthusiast, you’ve probably heard of Versace, the Italian luxury fashion label that’s known for its bold designs and vibrant colors. But have you ever wondered who owns this iconic empire? The Versace Family The Versace family is the founder and current owner of the Versace brand.