If you’re a fashion enthusiast, you must have heard of Versace, one of the most iconic luxury fashion brands in the world. It’s no surprise that many people wonder if Versace is under LVMH, one of the biggest conglomerates in the fashion industry. So, let’s dive into this topic and find out what’s the truth behind it all.
What is LVMH?
Before we get into whether or not Versace is under LVMH, let’s quickly talk about what LVMH is. LVMH stands for Louis Vuitton Moët Hennessy and is a French multinational luxury goods conglomerate.
It was created in 1987 through the merger of Louis Vuitton and Moët Hennessy. The company has since then expanded its portfolio by acquiring various luxury brands such as Christian Dior, Fendi, Givenchy, Marc Jacobs, and many more.
Is Versace under LVMH?
The short answer is no; Versace is not under LVMH. However, there was a time when there were rumors that LVMH was interested in acquiring Versace. In 2018, Michael Kors Holdings Ltd., now known as Capri Holdings Limited, acquired Gianni Versace S.r.l., the parent company of Versace for $2.12 billion dollars.
It’s worth noting that even though Versace isn’t under LVMH now, it doesn’t mean that they haven’t had any relationship in the past. In 2000, Donatella Versace sold 20% of the company to GIVI Holding S.p.A., which was then bought by LVHM later on.
The Future of Luxury Fashion
The fashion industry has always been an ever-evolving landscape with constant mergers and acquisitions happening between different luxury brands. While Versace isn’t under LVMH now, it’s still interesting to note that these kinds of rumors and acquisitions can happen at any time.
Conclusion
In conclusion, Versace is not under LVMH but was previously associated with them in the past. The luxury fashion industry is continuously changing, and it’s exciting to see what the future holds for these high-end brands. With the acquisition of Versace by Capri Holdings Limited, we can expect to see some exciting developments from this iconic brand in the near future.
10 Related Question Answers Found
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Background of 19v69
19v69 is an Italian fashion brand that was founded by Alessandro Versace in 2001.
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