Is Versace Clothing Still in Business?

If you are a fashion enthusiast, you might have heard about the legendary Italian fashion house, Versace. Established in 1978 by Gianni Versace, the brand rose to fame for its vibrant colors, bold prints, and innovative designs.

However, in recent years, there have been rumors circulating about the brand’s financial stability and whether or not it is still in business. So, let’s dive into this topic and find out if Versace Clothing is still in business.

History of Versace

Versace was founded in Milan by Gianni Versace and his brother Santo Versace. The brand quickly gained popularity due to its bold designs featuring bright colors, flashy prints, and unconventional materials such as metal mesh and leather. Over the years, Versace expanded to other areas such as accessories, home décor, and fragrance.

The Death of Gianni Versace

Sadly, in 1997 Gianni Versace was murdered outside his Miami Beach mansion at the age of 50. After his death, his sister Donatella Versace took over as Creative Director of the brand.

Acquisition by Michael Kors

In 2018 Michael Kors Holdings Limited acquired the parent company of Versace for $2.12 billion dollars. This acquisition caused many people to question whether or not the brand would continue to operate under its original identity.

The Present Day

Despite being acquired by Michael Kors Holdings Limited and undergoing some changes to its management structure since then, Versace is still operating today under its original name with Donatella remaining as Creative Director.

Versace’s Recent Collections

In recent years, Versace has continued to produce collections that showcase their iconic style while incorporating modern elements such as streetwear influences and sustainable materials. Their Spring/Summer 2021 collection features bold prints, bright colors, and flowy Silhouettes that pay homage to their heritage while staying current with the latest fashion trends.

Versace’s Popularity Today

Versace is still a well-known high-end fashion brand that is popular among celebrities and fashion enthusiasts alike. The brand has a strong online presence with their website offering a wide range of products such as clothing, accessories, and fragrances.

Conclusion

In conclusion, Versace Clothing is still in business today under its original name despite being acquired by Michael Kors Holdings Limited. The brand is still producing collections that showcase their iconic style while incorporating modern elements. It’s clear that Versace’s legacy lives on, and we can expect to see more innovative designs from the brand in the future.