Is the House of Versace Still in Business?

If you are a fashion enthusiast, you might have heard of the iconic fashion brand ‘Versace.’ Founded in 1978 by Gianni Versace in Milan, Italy, the brand has become synonymous with luxury, glamour, and opulence.

Known for its bold prints, flashy colors, and intricate designs, Versace has been a favorite of celebrities and high-profile personalities around the world. However, that begs the question – is the House of Versace still in business?

Well, the answer is yes. Despite facing some challenges over the years, including the tragic murder of its founder Gianni Versace in 1997 and financial issues in the early 2000s, the brand has managed to stay afloat and even thrive under new leadership.

After Gianni’s death, his sister Donatella Versace took over as creative director of the company. With her at the helm, Versace continued to produce collections that embodied its signature style while also evolving with the times. In recent years, Donatella has focused on sustainability and ethical practices within the fashion industry.

In addition to its clothing lines for men and women which are still popular today and available both online and in stores worldwide through partnerships with major retailers such as Saks Fifth Avenue Bloomingdales Neiman Marcus Nordstrom Harrods Selfridges Bergdorf Goodman etc., Versace has expanded into other areas such as home decor fragrances accessories jewelry watches eyewear footwear cosmetics etc.

Moreover, in 2018, Michael Kors Holdings Limited acquired Versace for $2.12 billion in an effort to grow their luxury brands portfolio. While some fans were worried about what this would mean for their beloved Italian label’s future direction or quality standards; so far it seems that Michael Kors has allowed Donatella to maintain her position at Versace which bodes well for fans who appreciate her unique vision.

In conclusion, despite facing some ups and downs over the years, Versace is still very much in business and continues to be a major player in the fashion industry. With Donatella Versace’s ongoing leadership and Michael Kors Holdings’ support, it appears that the House of Versace will continue to thrive for years to come.