Is Versace Owned by Donatella?

|

thedutchladydesigns

by

Is Versace Owned by Donatella?

When it comes to the world of fashion, one name that has become synonymous with luxury and style is Versace. The Italian fashion house was founded by Gianni Versace in 1978 and has since then become a household name for its bold and unique designs. However, after Gianni’s tragic murder in 1997, there have been some changes in ownership of the company.

The Early Years of Versace

Versace was founded by Gianni Versace along with his brother Santo and sister Donatella. The brand quickly became popular for its innovative designs, bright prints, and use of luxurious materials.

In the early years, the company was completely family-owned. However, after Gianni’s death in 1997, things started to change.

The Changes in Ownership

After Gianni’s death, his brother Santo took over as CEO while Donatella became the creative director. The company remained completely family-owned until 2004 when they sold a minority stake to an investment firm called Blackstone Group.

In 2018, Michael Kors Holdings (now Capri Holdings Limited) bought the entire Versace brand for $2.12 billion. Despite this change in ownership, Donatella remains involved with the company as the artistic director.

Donatella’s Role at Versace

Donatella has been a part of Versace since its inception and played an important role in shaping its iconic style. After her brother’s untimely death, she took on an even more significant role as the creative director of the brand.

Today, Donatella remains an integral part of Versace despite not being an owner anymore. She continues to create bold and innovative designs that stay true to the brand’s aesthetic.

The Bottom Line

So, is Versace owned by Donatella? The simple answer is no.

While the company was family-owned in its early years, it has since changed hands several times. Today, Capri Holdings Limited owns the entire brand. However, Donatella remains an important figure at Versace as the artistic director and plays a crucial role in shaping its designs.

  • Versace was founded by Gianni Versace along with his brother Santo and sister Donatella.
  • After Gianni’s death in 1997, his brother Santo took over as CEO while Donatella became the creative director.
  • In 2004, they sold a minority stake to Blackstone Group.
  • In 2018, Versace was bought by Capri Holdings Limited for $2.
  • Donatella remains involved with the company as the artistic director.

Now that you know more about the history of Versace and its ownership changes over the years, you can appreciate even more how this iconic fashion house has evolved while still retaining its unique identity.

3 Related Question Answers Found

Is Donatella the Owner of Versace?

Donatella Versace is a name that needs no introduction in the fashion industry. She is one of the most well-known figures in the business, and her contributions to the world of fashion are undeniable. As a result, many people wonder whether Donatella Versace is the owner of Versace, the iconic luxury fashion brand.

Is Versace a Franchise?

Versace is a luxury fashion brand that has been in the industry for over four decades. It is known for its iconic style, luxurious designs, and high-end products. Over the years, Versace has expanded its business operations and entered various markets across the globe.

Is Versace a Public Company?

Versace is a luxury fashion brand that was founded in 1978 by Gianni Versace. The brand is known for its bold designs and high-end clothing, accessories, and home furnishings. Over the years, Versace has become a household name and is recognized as one of the leading fashion brands in the world.