Who Owns Versace?

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. Many people wonder who owns Versace today, especially after the death of its founder. In this article, we will explore the history of the brand and its current ownership.

History of Versace

Gianni Versace was born in Italy in 1946. He started working in fashion at a young age and eventually launched his own label in 1978.

The brand quickly gained popularity for its bold designs and use of bright colors. Celebrities such as Princess Diana and Elton John were known to wear Versace.

In 1997, tragedy struck when Gianni Versace was murdered outside his Miami home. His sister Donatella, who had been working with him as creative director, took over the company.

Versace Today

Today, Versace is owned by Capri Holdings Limited, which also owns Michael Kors and Jimmy Choo. Capri Holdings acquired Versace in 2018 for $2.1 billion.

Donatella Versace still serves as creative director for the brand and is involved in all aspects of design. She has been credited with keeping the brand relevant by collaborating with popular artists such as Drake and Bruno Mars.

The Future of Versace

Under Capri Holdings’ ownership, Versace has continued to grow and expand. In 2020, it launched a collaboration with Zayn Malik that included clothing and accessories.

The brand has also made efforts to be more sustainable in recent years by using eco-friendly materials and reducing waste.

Overall, the future looks bright for Versace under its current ownership. With Donatella at the helm and Capri Holdings’ resources behind it, the brand is sure to continue its legacy as a symbol of luxury and style.

Conclusion

In conclusion, Versace is currently owned by Capri Holdings Limited. The brand has a rich history and has remained relevant under the creative direction of Donatella Versace. With a focus on sustainability and continued collaborations with popular artists, Versace is sure to remain a top fashion brand for years to come.