Donatella Versace is a name that needs no introduction in the fashion industry. She is one of the most well-known figures in the business, and her contributions to the world of fashion are undeniable.
As a result, many people wonder whether Donatella Versace is the owner of Versace, the iconic luxury fashion brand. In this article, we will explore this question in-depth and provide you with all of the information you need to know.
Who is Donatella Versace?
Before we get into whether or not Donatella Versace is the owner of Versace, let’s take a closer look at who she is. Donatella was born in Italy in 1955 and grew up alongside her older brother Gianni and younger brother Santo. Her family was already involved in the world of fashion before she was born, as her mother worked as a dressmaker.
Donatella began working for Gianni’s company as a young woman, and quickly became an integral part of his team. She worked on everything from design to marketing to public relations, and helped to make Versace one of the most popular luxury brands in the world.
Is Donatella Versace the Owner of Versace?
So, now that we know more about Donatella’s background, let’s answer the question at hand: is she the owner of Versace? The answer is no – technically speaking, anyway.
After Gianni’s tragic death in 1997, his brother Santo took over as CEO of Versace. However, Donatella remained heavily involved with the company and continued to work on design and other areas. In fact, she eventually became Vice President and Chief Designer for Versace.
While Santo technically owned a majority stake in the company at this time, he eventually sold it to an investment group called Blackstone Group. However, both Donatella and Santo remained involved with the company and continued to hold key positions.
In 2018, Versace was sold again – this time to the luxury fashion conglomerate Capri Holdings Limited. Donatella Versace still holds her position as Vice President and Chief Designer, but she is not the owner of the company.
Conclusion
In conclusion, while Donatella Versace is not technically the owner of Versace, she has played an incredibly important role in its success over the years. Her contributions to design, marketing, and public relations have helped to make Versace one of the most recognizable luxury brands in the world. While ownership may change hands over time, it is clear that Donatella’s influence will be felt at Versace for many years to come.