Does Versace Company Still Exist?

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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.

History of Versace

The Versace Company was founded in 1978 by Italian designer Gianni Versace. The brand quickly gained a reputation for its bold and unique designs, which were favored among celebrities and high-profile individuals. In addition to clothing, the company also produced accessories, fragrances, and home decor items.

However, tragedy struck in 1997 when Gianni Versace was murdered outside his Miami Beach home. His sister Donatella took over as creative director of the company and continued to produce collections that embodied the daring spirit of her late brother.

The Present Day

So, does the Versace Company still exist today? The answer is yes!

In 2018, the fashion house was acquired by Michael Kors Holdings Limited (now known as Capri Holdings Limited) for $2.1 billion. The acquisition led to a rebranding of the parent company as Capri Holdings Limited and positioned it as a global luxury fashion group.

Despite the change in ownership, Donatella Versace remains at the helm of the brand as creative director. Under her leadership, Versace continues to produce innovative designs that push boundaries and captivate audiences around the world.

Versace Today

In recent years, Versace has made headlines for its collaborations with popular brands such as H&M and Supreme. These collaborations have introduced the brand to a wider audience while maintaining its reputation for high-quality craftsmanship and luxurious design.

In addition to its fashion collections, Versace also offers fragrances, eyewear, watches, and other accessories. The brand has flagship stores in major cities around the world including New York City, London, and Tokyo.

Conclusion

In conclusion, the Versace Company is still very much in existence and continues to thrive under the leadership of Donatella Versace. While the brand has undergone changes over the years, it remains a symbol of luxury, innovation, and daring design. Whether you’re a die-hard fan or a casual admirer of fashion, Versace is a name that will continue to inspire and captivate for generations to come.

  • Key Takeaways:
    • The Versace Company was founded by Gianni Versace in 1978.
    • Gianni Versace’s sister Donatella took over as creative director after his murder in 1997.
    • In 2018, the company was acquired by Capri Holdings Limited (formerly Michael Kors Holdings Limited).
    • Versace continues to produce innovative designs under Donatella’s leadership and has flagship stores around the world.

6 Related Question Answers Found

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Is Versace Still a Company?

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Is Versace Still a Private Company?

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