Who Took Over Gianni Versace Business?

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Gianni Versace was a legendary Italian fashion designer, known for his unique and extravagant designs that revolutionized the fashion industry. He founded the luxury fashion house Versace in 1978, which quickly became one of the most iconic brands worldwide.

Unfortunately, Gianni Versace’s life was cut short when he was tragically murdered in Miami Beach, Florida in 1997. Since then, many have wondered who took over Gianni Versace’s business.

Donatella Versace Takes Over:
Following Gianni Versace’s death, his sister Donatella Versace took over as the creative director of the brand. Donatella had been working alongside her brother since the early days of Versace and was an integral part of the brand’s success. She brought her own unique style to the brand and continued to push boundaries with bold designs and innovative materials.

The Expansion of The Brand:

Under Donatella’s leadership, Versace continued to expand its product line and reach new audiences. In 2000, the brand launched its first collection of luxury watches in partnership with Franck Muller Group. In 2004, they entered into a partnership with Lamborghini to create a limited edition Murciélago LP640 Roadster.

  • Donatella also expanded into interior design by launching the Palazzo Versace hotel in Australia.
  • In 2011 they launched their first home collection.

The Acquisition By Michael Kors:

In September 2018, Michael Kors Holdings Limited acquired all outstanding shares of Gianni Versace S.r.l. for a total enterprise value of $2.12 billion. Following this acquisition, Donatella remained as creative director while Jonathan Akeroyd became CEO.

Conclusion:
In conclusion, after Gianni Versace’s tragic death, his sister Donatella Versace took over the reins of the brand and continued to push boundaries with her own unique style. Under her leadership, Versace expanded into new product lines and markets, becoming one of the most iconic luxury brands in the world. The recent acquisition by Michael Kors Holdings Limited has opened up new opportunities for the brand to continue to grow and evolve while maintaining its signature style and heritage.

6 Related Question Answers Found

Who Took Over Versace Business?

The fashion industry was rocked in 1997 when Gianni Versace, the founder of luxury fashion house Versace, was tragically murdered outside his Miami Beach home. His untimely death left a void in the fashion world and raised questions about who would take over the iconic brand. After Gianni’s death, his sister Donatella Versace took over as creative director and vice president of the company.

Who Took Over Versace After Gianni Died?

On July 15, 1997, the world was shocked by the news of Gianni Versace’s tragic death outside his mansion in Miami Beach. The Italian fashion designer, who had built a multimillion-dollar empire with his eponymous brand, was only 50 years old when he was shot dead by Andrew Cunanan, a serial killer who had been on a killing spree. The news of Gianni Versace’s death sent shockwaves across the fashion industry and left many wondering what would happen to the iconic brand he had created.

Who Inherited Gianni Versace Estate?

When Gianni Versace, the iconic fashion designer, was murdered in 1997, it not only marked the end of an era but also raised questions about who would inherit his vast estate. Versace had built a fashion empire over several decades, and his sudden death left many wondering what would become of his business and personal assets. Gianni Versace’s Estate: Versace’s estate was estimated to be worth around $800 million at the time of his death.

Who Inherited Gianni Versace?

Gianni Versace was a fashion icon known for his bold and daring designs that left a lasting impact on the industry. However, his untimely death in 1997 left many wondering about the future of his fashion empire. Who Inherited Gianni Versace?

Who Bought Out Versace?

If you’re a fashion enthusiast, then you must have heard about the iconic fashion brand Versace. The brand is known for its bold and luxurious designs that are popular among celebrities and fashion enthusiasts across the globe. However, in recent years, there has been a lot of buzz around who bought out Versace.

Who Now Runs Versace?

If you’re a fan of the luxury fashion brand, Versace, you may be wondering who is currently at the helm of the company. Well, wonder no more! Let’s take a closer look at who now runs Versace.