There’s no doubt that Versace is one of the most recognizable luxury fashion brands in the world. Founded by Gianni Versace in 1978, the brand has become synonymous with Italian glamour and opulence.
After Gianni’s tragic death in 1997, his sister Donatella took over as the creative director of the company. She has been instrumental in keeping the brand relevant and successful over the years, thanks to her bold designs and penchant for pushing boundaries.
But just how much of Versace does Donatella actually own? According to reports, she owns 20% of the company. The remaining 80% is split between her brother Santo and her daughter Allegra.
It’s worth noting that Donatella’s stake in Versace is still significant, especially when you consider that the company was valued at $2 billion when it was sold to Michael Kors (now Capri Holdings) in 2018. This means that her stake would have been worth around $400 million at the time of the sale.
Donatella’s role at Versace extends far beyond just being a shareholder, though. As creative director, she is responsible for overseeing every aspect of the brand’s design aesthetic, from runway shows to advertising campaigns. Her keen eye for detail and fearless approach to fashion have helped cement Versace as one of the most iconic brands in history.
In recent years, Donatella has also used her platform to advocate for important causes such as LGBTQ rights and anti-bullying initiatives. She has proven herself to be not only a talented designer but also a compassionate leader who uses her influence for good.
In conclusion, while Donatella may not own a majority stake in Versace, she remains an integral part of its success both financially and creatively. Her contributions to fashion and culture cannot be overstated, and it’s safe to say that without her vision and leadership, Versace would not be the powerhouse brand it is today.