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? In this article, we will take a closer look at the owner of Versace.
The History of Versace
Before we dive into the ownership of Versace, let’s take a quick look at the history of the brand. Versace was founded in 1978 by Gianni Versace, an Italian fashion designer.
The brand quickly gained popularity for its bold and daring designs that were unlike anything else on the market at the time. Over the years, Versace has become synonymous with luxury and high-end fashion.
The Ownership of Versace
So who owns Versace today? In 2018, it was announced that Michael Kors Holdings (now known as Capri Holdings Limited) had acquired Versace for $2.12 billion. Capri Holdings Limited is a global fashion luxury group that also owns other iconic brands such as Jimmy Choo and Michael Kors.
This acquisition marked a significant moment in both companies’ histories and opened up new opportunities for growth and expansion. Donatella Versace, Gianni’s sister, who has been at the helm of the company since her brother’s untimely death in 1997, continues to hold a key position within the company as Creative Director.
What This Means for Versace
With Capri Holdings Limited now owning Versace, it’s expected that there will be some changes made to the way the brand operates. For example, there may be new collaborations with other brands within Capri Holdings Limited or new retail locations opened up around the world.
However, despite these changes, it’s clear that Versace will continue to maintain its unique style and iconic designs. Donatella Versace has stated that she is committed to ensuring that the brand stays true to its roots and continues to innovate in the world of fashion.
Conclusion
In conclusion, Versace is currently under the ownership of Capri Holdings Limited, a global fashion luxury group. While there may be some changes made to the way the brand operates, it’s clear that Versace will continue to be one of the most iconic and influential fashion brands in the world. With Donatella Versace leading the charge as Creative Director, we can expect nothing but excellence from this prestigious brand.
9 Related Question Answers Found
Versace is a world-renowned luxury fashion brand that has been around for over four decades. Founded by the legendary designer Gianni Versace in 1978, the brand has become synonymous with high-end fashion and opulence. But who actually owns the Versace brand today?
If you are a fashion enthusiast, you must have heard of Versace – one of the most iconic Italian luxury fashion brands. The brand has been around for over four decades and has a rich history that is steeped in glamour and excess. However, there have been some changes in the ownership of Versace over the years.
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?
Versace is a luxury fashion brand that has been around for over 40 years. Founded by Gianni Versace in 1978, the Italian brand has become known for its bold designs, bright colors, and intricate patterns. However, after Gianni’s untimely death in 1997, the ownership of the Versace brand has changed hands several times.
Are you curious to know who the owner of Versace Hotel is? Well, you have come to the right place. The luxurious Versace Hotel is a masterpiece built on the waterfront of Dubai Creek, and it’s no secret that it’s a popular destination for those who seek extravagance and opulence.
Have you ever wondered who owns the iconic Versace label? Well, wonder no more! In this article, we’ll explore the history of the brand and its ownership.
Gianni Versace, the renowned Italian fashion designer, founded the iconic Versace brand in 1978. Since then, the brand has become synonymous with luxury and elegance, with its recognizable Medusa head logo gracing everything from clothing to accessories. However, following Gianni Versace’s tragic death in 1997, ownership of the brand has undergone several changes.
Versace is a fashion brand that has become synonymous with luxury, glamour, and high-end fashion. The brand was founded in 1978 by the late Gianni Versace, who quickly became one of the most influential designers of his time. However, after Gianni’s tragic death in 1997, the Versace company underwent a significant change in ownership.
Have you ever wondered who owns the luxurious fashion brand Versace? The answer might surprise you. In 2018, Versace was acquired by the American fashion group, Michael Kors Holdings Limited.
