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Allegra Versace Beck is a prominent member of the Versace family, known for her inheritance of a large stake in the luxury fashion brand founded by her uncle Gianni Versace. However, despite some rumors and misconceptions, Allegra does not own Versace outright, nor does she control its operations or creative direction. In this article, we will explore the history and current status of the relationship between Allegra and Versace, clarifying some common myths and highlighting some key facts.
Who is Allegra Versace Beck?
Allegra Versace Beck was born on June 30, 1986, in Milan, Italy. She is the daughter of Donatella Versace (Gianni’s sister) and Paul Beck, an American model agency executive.
Allegra grew up in a wealthy and glamorous environment surrounded by fashion icons and celebrities. Her uncle Gianni, who founded Versace in 1978 and became one of the most influential designers of his generation, was particularly fond of her and often called her his “little princess”.
When Gianni was murdered in Miami Beach in 1997 by Andrew Cunanan, a serial killer who had no apparent connection to him or his family, he left behind a complicated estate plan that involved several heirs and legal entities. Donatella became the creative director of Versace while her brother Santo became the CEO. However, a significant portion of Gianni’s fortune went to Allegra as part of a trust fund that he created for her before his death.
How much of Versace does Allegra own?
The exact percentage of Versace that Allegra owns is not publicly disclosed as it depends on various factors such as taxes, fees, debts, assets values, etc. However, according to some estimates from media sources, Allegra’s share in Versace is around 50%, which makes her one of the wealthiest women in Italy and the world. Nevertheless, having a majority stake in a company does not necessarily mean having full control over it, especially if there are other shareholders or board members involved.
Does Allegra work for Versace?
No, Allegra does not work for Versace in any official capacity. She has never held a position on the board of directors, nor has she been involved in the day-to-day management of the brand.
Instead, Allegra has pursued her own interests and career path outside of fashion. She studied French literature at Brown University in Rhode Island and later earned a master’s degree in arts management from Central Saint Martins College of Arts and Design in London. She has also been involved in charitable activities related to health and education.
Who owns Versace now?
In September 2018, it was announced that Versace was being sold to Michael Kors Holdings Limited (now Capri Holdings Limited), an American fashion company that owns several luxury brands such as Jimmy Choo and Michael Kors. The deal was worth $2.12 billion and involved transferring the majority stake from the Versace family to Capri Holdings while retaining some shares for Santo and Donatella. Therefore, currently, Allegra is no longer the largest shareholder of Versace, as she sold part of her stake as part of the transaction.
Conclusion
Despite some misconceptions or wishful thinking from fans or media outlets, Allegra Versace Beck does not own Versace outright or have complete control over its destiny. However, she remains an important shareholder and heir of one of the most iconic fashion brands in history, with a personal connection to its founder Gianni that transcends mere business interests. Whether she will become more involved in Versace in the future or continue to pursue her own passions and goals is up to her and time to tell.