Versace is a household name in the fashion industry, known for its luxurious and high-end clothing and accessories. However, have you ever wondered which company owns this iconic brand? Let’s dive into the details and find out.
History of Versace
Before we get into the ownership details, let’s take a moment to appreciate the history of this iconic brand. Versace was founded in 1978 by Gianni Versace in Milan, Italy. The brand gained worldwide recognition for its bold and unique designs that blended contemporary art with traditional fashion.
The Tragic Demise of Gianni Versace
The success of Versace was short-lived due to the tragic death of Gianni Versace in 1997. The founder was assassinated outside his Miami Beach home by Andrew Cunanan, a serial killer. After his death, the brand was taken over by his siblings Santo Versace and Donatella Versace.
Acquisition by Capri Holdings Limited
In September 2018, Capri Holdings Limited announced that it had acquired Versace for $2.1 billion. Capri Holdings Limited is an American fashion company that also owns other high-end brands such as Michael Kors and Jimmy Choo.
About Capri Holdings Limited
Capri Holdings Limited was previously known as Michael Kors Holdings Limited until its acquisition of Jimmy Choo in 2017. It is headquartered in London, England, and has a presence in over 100 countries worldwide. The company’s portfolio includes luxury fashion brands that cater to different audiences.
The Future of Versace under Capri Holdings Limited
Since its acquisition by Capri Holdings Limited, there have been significant changes within the management structure at Versace. Jonathan Akeroyd was appointed as CEO of the brand in May 2019, replacing the former CEO, Jonathan Saunders. The new CEO has been tasked with overseeing the brand’s global expansion and growth.
Conclusion
In conclusion, Capri Holdings Limited is the proud owner of Versace, a luxury fashion brand known for its unique and bold designs. The acquisition has led to significant changes within the management structure of the brand, indicating a focus on growth and expansion. With this new ownership comes an exciting future for Versace and its loyal customers.
9 Related Question Answers Found
If you’re a fashion enthusiast, you’re probably familiar with the name Versace. Founded in 1978 by Gianni Versace, the Italian luxury fashion brand has become a symbol of opulence and glamour. But do you know who owns Versace today?
Have you ever wondered which company owns the iconic luxury fashion brand, Versace? Well, wonder no more! In this article, we will take a deep dive into the ownership of Versace and explore the history behind this legendary brand.
Versace is a luxury fashion brand that has been an iconic symbol of Italian fashion since its inception in 1978. The company was founded by Gianni Versace, who quickly established himself as a leading designer in the fashion world. In 1997, tragedy struck when Gianni Versace was tragically murdered outside his Miami Beach mansion.
Versace is a luxury fashion brand that has been around since the late 1970s. Founded by Gianni Versace, the brand quickly became synonymous with high-end fashion and has been a favorite of celebrities and fashion enthusiasts alike for decades. Despite being an Italian brand, many people wonder which country owns Versace.
Versace is a luxury fashion brand that was founded by Gianni Versace in 1978. The company specializes in producing high-end clothing, accessories, perfumes, and home furnishings. History of Versace
Gianni Versace started the company in Milan, Italy with the aim of creating a brand that would represent glamour, luxury, and sensuality.
Versace is a luxury fashion brand that was founded in 1978 by Gianni Versace. The brand is known for its bold and extravagant designs that incorporate bright colors, prints, and intricate details. Versace has become a household name in the fashion industry due to its unique style and high-quality products.
If you are a fashion enthusiast, you must have heard of Versace. The brand is known for its bold designs, luxurious fabrics, and iconic prints. But have you ever wondered who owns the brand Versace?
If you’re a fan of luxury fashion, you’ve most likely heard of the Italian fashion house Versace. Since its inception in 1978, the brand has become a global icon known for its bold designs and high-end products. However, many people are unaware of the other companies that fall under the Versace umbrella.
Versace is a world-renowned luxury fashion brand that has been making waves in the fashion industry for several decades now. The brand is known for its iconic designs, beautiful fabrics, and distinctive style. But have you ever wondered who owns this prestigious brand?
