Versace is a well-known luxury fashion brand that has been around since 1978. The brand has made a name for itself by creating high-end clothing and accessories that are often adorned with their iconic Medusa logo.
However, one question that many people have is whether Versace is a public or private company. In this article, we will explore the answer to this question and provide some insight into the company’s structure.
Public or Private?
To start, let’s define what we mean by a public or private company. A public company is one that has shares of stock that are traded on a stock exchange and can be purchased by anyone. On the other hand, a private company is one that is owned by a small group of individuals and does not have shares of stock that are publicly traded.
So, which category does Versace fall under? The answer is that Versace is currently a private company. The Versace family still owns a majority stake in the business, with Donatella Versace serving as the Vice President and Artistic Director.
However, this wasn’t always the case. In 2018, Versace was acquired by Michael Kors Holdings Limited (now known as Capri Holdings Limited) for $2.12 billion. This acquisition caused some confusion among consumers who were unsure if Versace was now considered a public company.
What Does This Mean For Consumers?
For the most part, whether Versace is public or private does not impact consumers directly. Regardless of ownership structure, Versace will continue to produce high-quality luxury goods for its customers.
However, it’s worth noting that being acquired by Capri Holdings Limited could potentially impact the direction of the brand in the future. Capri Holdings Limited also owns Michael Kors and Jimmy Choo, two other luxury fashion brands known for their accessible price points. Some consumers have expressed concern that this could lead to a shift in Versace’s pricing strategy or design aesthetic.
In conclusion, Versace is currently a private company that is owned by the Versace family and was recently acquired by Capri Holdings Limited. While this ownership structure may impact the direction of the brand in the future, it does not impact the quality of their products or their status as a luxury fashion brand.