Is Donatella Versace the Owner of Versace?

There has been a lot of buzz lately about the ownership of Versace, the Italian luxury fashion brand known for its bold prints and glamorous designs. One question that many people are asking is whether Donatella Versace, the creative director and face of the brand, is also its owner. Let’s take a closer look at the history of Versace and its current ownership structure to find out.

History of Versace

Versace was founded in 1978 by Gianni Versace, an Italian designer known for his flamboyant and daring creations. Over the years, Versace became one of the most iconic fashion brands in the world, with a reputation for luxury, excess, and sex appeal. Celebrities like Madonna, Princess Diana, and Elton John were all fans of Versace’s bold designs.

Tragically, Gianni was murdered outside his Miami Beach mansion in 1997 at the age of 50. His sister Donatella, who had been working with him as a designer since the early days of the brand, took over as creative director.

Versace’s Ownership Structure

After Gianni’s death, there was some uncertainty about who would own and run Versace. In 2004, it was announced that Donatella would become a co-owner of the company along with her brother Santo and her daughter Allegra.

Today, Versace is owned by Capri Holdings Limited (formerly known as Michael Kors Holdings Limited), which acquired it in 2018 for $2.1 billion. The company is now part of Capri’s portfolio along with other luxury brands like Michael Kors and Jimmy Choo.

Donatella’s Role at Versace

Although Donatella is not technically the owner of Versace anymore, she remains an important figure at the company as its creative director. She is responsible for overseeing the design of all of Versace’s collections, from clothing to accessories to home goods.

Donatella is known for her bold and glamorous designs, which often feature bright colors, daring cuts, and eye-catching prints. She has also been a vocal advocate for diversity and inclusion in the fashion industry, casting models of all ages, sizes, and ethnicities in Versace’s runway shows.

Conclusion

So, is Donatella Versace the owner of Versace? The answer is no – at least not anymore.

While she was a co-owner of the company for many years after her brother’s death, Versace is now owned by Capri Holdings Limited. However, Donatella remains an important figure at the company as its creative director and continues to be a driving force behind its iconic designs.