If you’re a fashion enthusiast, then you must have heard about the iconic Italian luxury brand Versace. The brand has been a symbol of luxury and glamour for over four decades.
However, there have been speculations surrounding the ownership of the brand. One of the most common questions that fashion lovers ask is – does Allegra still own Versace? Let’s dive into this topic and clear up any confusion.
The History of Versace
Versace is an Italian luxury fashion company founded in 1978 by Gianni Versace. The brand became famous for its bold designs, bright colors, and use of luxurious materials. Sadly, Gianni was murdered in 1997 in front of his Miami Beach mansion.
After Gianni’s death, his brother Santo took over as CEO while Donatella became the creative director. The brand continued to thrive under their leadership, expanding into new territories and becoming a household name.
Allegra Versace’s Inheritance
Allegra Versace is the daughter of Donatella and niece of Gianni. She inherited 50% of the company after her uncle’s death in 1997 when she was just 11 years old. At that time, her share was worth around $500 million.
Allegra remained out of the public eye until she turned 18 and inherited her share of the company officially. She then became involved in the family business as a director and helped to shape some of Versace’s most successful collections.
Did Allegra Sell Her Shares?
There were rumors that Allegra had sold her shares to Michael Kors Holdings Ltd., now known as Capri Holdings Limited, which also owns Jimmy Choo and Michael Kors brands. However, these rumors are false.
In September 2018, Capri Holdings announced that it had acquired all outstanding shares in Versace for $2.12 billion. As a result, the Versace family, including Allegra, received a sizeable amount of money in exchange for their shares.
Conclusion
In conclusion, Allegra Versace no longer owns Versace as it is now part of Capri Holdings Limited. However, she played an essential role in shaping the brand’s history and success. Today, Versace continues to be a symbol of luxury and glamour under the leadership of Donatella Versace and the support of Capri Holdings Limited.
10 Related Question Answers Found
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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.
Does Versace Own Allegra Versace? If you’re a fashion enthusiast, then you must be familiar with the name ‘Versace’. It is a luxury fashion brand that has been ruling the industry for decades.
Donatella Versace is a name that is synonymous with the luxury fashion brand, Versace. The Italian fashion designer has been an integral part of the brand’s success since the 1980s when she joined her brother Gianni Versace to run the company. But after Gianni’s untimely death in 1997, there has been some confusion about who owns Versace and if Donatella still holds the reins of this iconic fashion house.
There has been a lot of speculation and rumors about the ownership of the iconic fashion brand Versace, especially after the tragic death of its founder Gianni Versace in 1997. One question that frequently comes up is whether Donatella Versace, Gianni’s sister and longtime collaborator, still owns the company. Let’s take a closer look at the facts.
Versace is one of the most iconic fashion brands in the world, known for its signature prints, bold designs, and glamorous red carpet looks. However, many people are curious about who owns the brand today. Does the Versace family still own Versace?
Allegra Beck, the daughter of fashion icon Donatella Versace, has been a subject of much speculation over the years as to whether she owns the Versace brand. In this article, we will explore the truth behind these rumors and shed light on Allegra’s role in the fashion world. Early Life
Allegra Beck was born in 1986 to Donatella Versace and her former husband Paul Beck.
Does Donatella Still Own Versace? Versace is one of the most renowned luxury fashion brands in the world, known for its bold designs, iconic prints, and glamorous aesthetic. Founded in 1978 by Gianni Versace, the brand has become a cultural icon and synonymous with high-end fashion.
Versace is a renowned luxury fashion brand that has been around for over four decades. The Italian label is known for its bold designs, vibrant colors, and iconic Medusa logo. But despite its success, many people still wonder – is Versace still family-owned?
Have you ever wondered if the Versace Company is still in existence? Well, wonder no more! In this article, we will delve into the history of the iconic fashion brand and uncover its present-day status.
Versace, the luxury fashion brand, has been a household name since its inception in 1978. Founded by Gianni Versace, the brand has become synonymous with glamour and sophistication. However, many people wonder whether Versace is still privately owned or if it’s now part of a larger corporation.
