Are you curious about the relationship between Moschino and Versace? Let’s dive into the details.
Introduction
Moschino and Versace are both Italian fashion houses that have been around for several decades. They are known for their luxurious and glamorous designs, worn by celebrities and fashion enthusiasts alike.
However, there has been some confusion about whether Moschino is owned by Versace or not. In this article, we will explore the history of both brands and their ownership structures to provide clarity on this matter.
The History of Moschino
Moschino was founded in 1983 by Franco Moschino, an Italian designer who had previously worked for Gianni Versace. Moschino’s designs were known for their playful and satirical take on fashion, often incorporating humorous slogans or pop culture references. The brand quickly gained popularity and became a favorite among celebrities like Madonna and Kylie Minogue.
After Franco Moschino’s death in 1994, the brand was taken over by Rossella Jardini, who had worked closely with him as a stylist. Under Jardini’s leadership, Moschino continued to expand its product offerings and opened stores all over the world.
The History of Versace
Versace was founded in 1978 by Gianni Versace, another Italian designer who had already made a name for himself in the fashion industry. Versace’s designs were characterized by bold prints, luxurious fabrics, and sexy Silhouettes. The brand quickly gained a reputation for being provocative and controversial.
In 1997, Gianni Versace was tragically murdered outside his Miami Beach home. His sister Donatella took over as creative director of the brand and has been at its helm ever since. Under her leadership, Versace has continued to be a major player in the fashion industry with its signature bold designs.
The Ownership of Moschino
Moschino is currently owned by the Italian fashion group Aeffe, which also owns other luxury brands like Alberta Ferretti and Pollini. Aeffe acquired Moschino in 1999, five years after Franco Moschino’s death. Since then, the brand has continued to operate independently under the creative direction of Jeremy Scott.
The Ownership of Versace
Versace was a family-owned business until 2018 when it was acquired by Michael Kors Holdings Limited, now known as Capri Holdings Limited. The acquisition was worth over $2 billion and marked a significant shift in the ownership structure of the brand.
Conclusion
So, is Moschino owned by Versace? The answer is no.
While both brands are Italian fashion houses that have been around for several decades, they have different ownership structures. Moschino is owned by Aeffe, while Versace is owned by Capri Holdings Limited (formerly Michael Kors Holdings Limited). Despite this, both brands continue to be major players in the fashion industry with their distinct styles and designs.