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? Let’s take a closer look.
A Brief History of Versace
Versace was founded in 1978 by Italian fashion designer Gianni Versace. The brand quickly became known for its daring and provocative designs, which were often inspired by art, music, and culture. Versace’s popularity grew throughout the 1980s and 1990s, thanks in part to high-profile celebrity endorsements from stars like Princess Diana and Madonna.
Sadly, Gianni Versace was tragically murdered outside his Miami Beach home in 1997 at the age of 50. His sister Donatella Versace took over as creative director of the brand, while his brother Santo became CEO.
The Sale of Versace
In 2018, it was announced that Versace had been sold to Michael Kors Holdings Limited (now known as Capri Holdings Limited) for $2.12 billion USD. Many fans of the brand were dismayed by this news, as they felt that the sale would result in a loss of the brand’s unique identity and Italian heritage.
However, it’s worth noting that Donatella Versace still plays an important role in the company following its sale. She remains creative director of the brand and is involved in all major design decisions.
The Current Ownership Structure
So who owns Versace today? As mentioned earlier, Capri Holdings Limited (formerly Michael Kors Holdings Limited) acquired the brand in 2018. However, it’s important to note that Capri Holdings also owns other luxury fashion brands such as Michael Kors and Jimmy Choo.
Despite this, Versace remains a distinct brand with its own unique identity and design aesthetic. Donatella Versace and other members of the Versace family still hold minority stakes in the company, which means that they have a say in how the brand is run.
Conclusion
In conclusion, while the Versace family no longer owns a majority stake in the company, they still play an important role in shaping its future. Donatella Versace’s continued involvement as creative director ensures that the brand remains true to its roots, while its sale to Capri Holdings Limited provides it with the financial backing necessary to continue expanding and innovating.
9 Related Question Answers Found
Versace is a name that has been synonymous with luxury fashion since it was founded in 1978 by Gianni Versace. The brand has remained popular over the years, and its iconic Medusa logo is instantly recognizable. But who owns Versace today?
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.
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?
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 a well-known luxury fashion brand that has been around for over four decades. Founded in 1978 by Gianni Versace, the brand quickly gained popularity for its bold and vibrant designs. However, with the unfortunate passing of Gianni Versace in 1997, many have questioned whether or not the company is still a family-owned business.
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.
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 is a luxury fashion brand that has been around for more than four decades. Founded in 1978 by Gianni Versace, the brand quickly became synonymous with opulence, glamour, and high fashion. However, one question that many people ask is whether Versace is still a privately owned company or if it has been acquired by a bigger conglomerate.
If you’re a fashion enthusiast, you’ve probably heard about Versace, the Italian luxury fashion brand that has been around for over four decades. However, with the changing times and evolving fashion trends, many people have been wondering if Versace is still a relevant brand. In this article, we’ll take a closer look at the current state of Versace and answer the question – Is Versace still a brand?
