Is Donatella Versace Still Own Versace?

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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.

Background

Versace was founded by Gianni Versace in 1978 and quickly became one of the most influential fashion brands in the world. With its bold designs, colorful prints, and celebrity endorsements, Versace became a symbol of luxury and excess in the 1980s and 1990s. Gianni’s untimely death in 1997 shocked the fashion industry and raised questions about the future of his beloved brand.

Donatella’s Role

After Gianni’s death, Donatella Versace took over as creative director of Versace and has been leading the company ever since. She has been credited with keeping the brand relevant and expanding its reach into new markets. Donatella’s signature style is bold, glamorous, and sexy – all hallmarks of Versace’s aesthetic.

The Sale to Capri Holdings

In 2018, it was announced that Capri Holdings (formerly known as Michael Kors Holdings) had acquired Versace for $2.1 billion. The sale included all aspects of the brand, including its fashion lines, accessories, fragrances, and home decor. Donatella remains involved with the company as creative director but is no longer an owner.

Conclusion

In summary, while Donatella Versace played a crucial role in shaping and maintaining her brother’s legacy after his death, she is no longer an owner of the company. Following its sale to Capri Holdings in 2018, Versace is now part of a larger luxury conglomerate that also includes Michael Kors and Jimmy Choo. Nonetheless, Donatella’s influence and vision continue to shape the brand, ensuring that Versace remains a force to be reckoned with in the fashion world.

  • Key Takeaways:
  • Donatella Versace served as creative director of Versace after her brother Gianni’s death.
  • The company was sold to Capri Holdings (formerly Michael Kors Holdings) in 2018 for $2.
  • Donatella remains involved with the brand but is no longer an owner.

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