The fashion world is always evolving, and with it, the brands that make up this industry. One brand that has undergone significant changes in recent years is Versace.
The Italian luxury fashion house, founded by Gianni Versace in 1978, has long been associated with bold prints, bright colors, and sexy Silhouettes. However, since the tragic death of Gianni Versace in 1997, the brand has seen many changes. One of the most significant shifts was the launch of Versus Versace in 1989.
The Birth of Versus Versace
Versus Versace was created as a more affordable line for younger customers who still wanted to experience the luxury and glamour associated with the mainline collection. It quickly became popular among millennials and Gen Zers for its edgy designs and collaborations with musicians like M.I.A and Zayn Malik.
The Acquisition by Michael Kors
In 2018, rumors began circulating that Michael Kors was interested in acquiring Versace. The deal was eventually confirmed later that year when Michael Kors Holdings Limited acquired all outstanding shares of Gianni Versace S.p.A for $2.12 billion USD.
Is Versus Still Versace?
Many fashion critics have raised concerns about whether or not Versus can still be considered a part of the original brand now that it’s under new ownership. Some argue that the acquisition by Michael Kors has watered down the brand’s unique identity and made it more commercialized.
However, others believe that this move will ultimately benefit both brands in terms of global expansion and increased revenue streams.
The Future of Versace
Despite these changes, one thing remains constant: Donatella Versace’s creative direction for both lines. Under her leadership, both brands have continued to push boundaries with their designs while staying true to the Versace aesthetic.
Conclusion
In conclusion, while the acquisition of Versace by Michael Kors may have raised some concerns about the future of the brand, it’s important to remember that Donatella Versace is still at the helm. With her vision and creativity, we can expect both Versace and Versus to remain true to their roots while continuing to evolve with the times.