Gianni Versace was one of the most iconic fashion designers of the 20th century. His fashion label, Versace, became a household name during the 1990s.
The designer was tragically murdered in 1997, leaving behind a legacy and an empire. So, who inherited the Versace empire?
The Beginning of Versace
Gianni Versace founded his eponymous fashion label in 1978. He quickly became known for his bold and colorful designs that were often inspired by Greco-Roman art and culture. The brand’s signature Medusa logo became instantly recognizable and is still used today.
The Death of Gianni Versace
On July 15, 1997, Gianni Versace was shot dead outside his Miami Beach mansion by serial killer Andrew Cunanan. The fashion world was left in shock at the loss of one of its most talented designers.
Donatella Takes Over
After Gianni’s death, his sister Donatella Versace took over as creative director of the company. Donatella had previously worked alongside her brother as a designer for the label and was instrumental in its success.
Under Donatella’s leadership, the brand continued to thrive with her own unique style and vision. She brought a fresh perspective to the label while still maintaining its signature aesthetic.
The Sale of Versace
In September 2018, it was announced that Italian fashion company Michael Kors Holdings Limited (now known as Capri Holdings Limited) would acquire Versace for $2.12 billion USD.
Despite concerns from some fans that the acquisition would dilute the brand’s unique identity, Capri Holdings has promised to maintain the integrity and heritage of the label.
Conclusion
While Gianni Versace may no longer be with us, his legacy lives on through his fashion label. Donatella Versace and her team have done an excellent job of carrying on his vision, and the recent acquisition by Capri Holdings ensures that the brand will continue to thrive for years to come.