Who Is Versace Owned By?

If you are a fashion enthusiast, you are probably familiar with the iconic brand Versace. Versace is a luxury fashion brand that has been around for over 40 years.

The brand is known for its bold and daring designs that cater to the bold and daring fashionista. But, who owns this legendary brand?

Gianni Versace:
The founder of the company was Gianni Versace. He started the company in 1978 in Milan, Italy.

Gianni Versace was an Italian fashion designer who was known for his innovative designs and use of materials. He created clothing lines for both men and women that were not only fashionable but also functional.

Donatella Versace:
After Gianni Versace’s death in 1997, his sister Donatella took over as the creative director of the company. Donatella is known for her strong personality and her ability to keep the brand relevant in today’s ever-changing fashion industry.

The Versace Family:
The Versace family still owns a significant stake in the company. Santo Versace, Gianni’s older brother, is the chairman of the board of directors. He is responsible for overseeing the company’s operations and ensuring that it stays true to its roots.

Michael Kors Holdings Limited:
In 2018, Michael Kors Holdings Limited acquired Versace for $2.1 billion. Michael Kors Holdings Limited is a global fashion luxury group that owns brands such as Michael Kors, Jimmy Choo, and Furla.

  • What does this mean for Versace?

This acquisition means that Versace will have access to more resources than ever before. The brand will be able to expand its reach globally and invest in new technologies and innovations to stay ahead of its competitors.

The Bottom Line

In conclusion, Versace is owned by a combination of the Versace family and Michael Kors Holdings Limited. The brand has been able to maintain its unique identity and remain relevant in the fashion industry for over 40 years. With this recent acquisition, we can expect to see even more exciting things from Versace in the future.