Who Does Versace Belong To?

Versace is a luxury fashion brand that has been in the industry for over four decades. Founded in 1978 by Gianni Versace, the brand quickly became popular for its bold and extravagant designs. However, after the tragic death of Gianni Versace in 1997, the ownership of the company changed hands multiple times.

Today, Versace belongs to Capri Holdings Limited, an international fashion group that also owns other renowned brands such as Jimmy Choo and Michael Kors. Capri Holdings acquired Versace in 2018 for a staggering $2.1 billion.

Despite being under new ownership, Versace continues to stay true to its roots and remains one of the most sought-after luxury brands in the world. The brand is known for its iconic Medusa logo, vibrant color schemes, and daring designs that push boundaries.

In recent years, Versace has also expanded beyond just clothing and accessories. The brand now has a line of home decor items and even operates luxury hotels around the world.

It’s worth noting that while Versace is now owned by a larger fashion group, it still maintains a level of independence when it comes to creative direction. Donatella Versace, sister of Gianni Versace and former Vice President and Creative Director of the company under her brother’s leadership, now serves as Chief Creative Officer.

In conclusion, while there have been changes in ownership over the years, Versace remains an iconic fashion brand that continues to push boundaries with its bold designs and innovative approach to luxury fashion.