Versace is a well-known luxury fashion brand that has been around for several decades. The brand is known for its high-end clothing, accessories, and fragrances that have become synonymous with luxury and sophistication. However, many people are unaware of which group Versace is a part of.
What Group Is Versace a Part Of?
Versace is one of the many brands that are owned by Capri Holdings Limited, a global fashion luxury group. Capri Holdings was previously known as Michael Kors Holdings Limited before it acquired Versace in 2018.
The History of Capri Holdings Limited
Capri Holdings Limited was founded in 1981 by American fashion designer Michael Kors. The company started as a small boutique in New York City but quickly grew into a global fashion empire. In 2011, the company went public and became one of the most successful initial public offerings (IPOs) in the fashion industry’s history.
In 2017, Capri Holdings acquired Jimmy Choo, another high-end luxury brand famous for its shoes and accessories. A year later, the company announced its acquisition of Versace for $2.1 billion, making it one of the largest deals in the fashion industry’s history.
The Brands Owned by Capri Holdings Limited
Capri Holdings Limited owns several high-end luxury brands that cater to different markets and demographics. Some of these brands include:
- Michael Kors – A well-known American fashion brand offering high-end clothing and accessories.
- Jimmy Choo – A British luxury brand specializing in shoes and accessories.
- Versace – An Italian luxury brand known for its high-end clothing, accessories, and fragrances.
The Future of Capri Holdings Limited
Capri Holdings Limited has been expanding its portfolio with the acquisition of different luxury brands in recent years. The company’s CEO, John D. Idol, has expressed his interest in continuing to expand the company’s portfolio by acquiring more high-end luxury brands.
In conclusion, Versace is a part of Capri Holdings Limited, a global fashion luxury group that also owns other high-end luxury brands such as Michael Kors and Jimmy Choo. With its continued expansion and acquisitions, Capri Holdings Limited is set to become one of the leading fashion empires globally.
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