Versace is a renowned Italian luxury fashion company that has been in the industry for over 40 years. The company was founded by Gianni Versace in 1978 and has since then become a symbol of elegance, glamour, and sophistication. However, there have been rumors circulating on the internet that Versace is no longer a company.
As of today, we can confidently say that these rumors are false. Versace is still very much an active company in the fashion industry, producing high-end clothing, accessories, and fragrances.
The Versace brand has undergone significant changes over the years. In 1997, Gianni Versace was tragically murdered outside his Miami Beach home.
Following his death, his sister Donatella took over as creative director of the company. Since then, Donatella has worked tirelessly to uphold the brand’s legacy while also introducing new elements to keep it fresh and relevant.
In 2018, Michael Kors Holdings Limited acquired Versace for $2.12 billion dollars. The acquisition was seen as a strategic move by Michael Kors to expand its reach into the high-end luxury market.
Despite this change in ownership, Versace’s core values and design aesthetic have remained intact. The brand’s signature Medusa logo and use of bold prints and colors are still prevalent in their collections.
Versace continues to be a highly sought-after brand by fashion enthusiasts all around the world. Celebrities such as Lady Gaga, Jennifer Lopez, and Beyonce are just a few of the many who have been spotted donning Versace designs on red carpets and at events.
In conclusion, we can confirm that Versace is still very much an active company within the fashion industry. With its rich history and impeccable design aesthetic, it’s no surprise that it continues to be one of the most coveted luxury brands in the world today.