Versace is a luxury fashion brand that has been around since the 1970s. It was founded by Gianni Versace, an Italian fashion designer known for his bold and flamboyant designs.
After Gianni’s untimely death in 1997, the brand was taken over by his sister Donatella Versace. But who owned the brand before Donatella? Let’s take a look.
Early Days of Versace
Gianni Versace founded his eponymous fashion house in 1978 in Milan, Italy. He quickly gained a reputation for designing clothes that were both luxurious and provocative. His designs often featured bright colors, bold prints, and daring cuts that were not commonly seen in high-end fashion at the time.
In the 1980s, Versace expanded his business by launching a line of accessories, including bags and shoes. He also started to dress Hollywood celebrities such as Madonna and Princess Diana, which helped to raise his profile even further.
Santo Versace
Gianni’s older brother Santo Versace played an important role in the early days of the fashion house. He served as CEO of the company and was responsible for managing its finances and operations. Santo was instrumental in helping to grow the business into a global brand.
After Gianni’s death in 1997, Santo took over as chairman of Versace Group. He worked closely with Donatella to keep the brand relevant and successful in an ever-changing fashion landscape.
The Sale of Versace
In 2018, news broke that Versace had been sold to Michael Kors Holdings Ltd (now known as Capri Holdings Limited) for $2.1 billion. The sale was a significant moment for the brand, which had struggled financially in recent years.
The sale also marked the end of an era for the family-owned business. While Santo remained involved in the company after the sale, he stepped down from his position as chairman. Donatella, meanwhile, stayed on as creative director and continued to oversee the brand’s designs and collections.
Conclusion
While Versace is now owned by a larger corporation, its roots are firmly planted in the family that founded it. Gianni and Santo Versace helped to build the brand into a global fashion powerhouse, and Donatella has continued their legacy by creating bold and daring designs that capture the imagination of fashion lovers around the world.
10 Related Question Answers Found
Versace is a world-renowned luxury fashion brand that has been at the forefront of the industry for decades. The brand has always been synonymous with high-end fashion, glamour, and extravagance. However, while most people are familiar with the name Versace, not many may know about its ownership history.
Gianni Versace, the fashion icon who revolutionized the fashion industry with his unique design style, founded the iconic fashion house Versace. Born in Reggio Calabria, Italy, on December 2nd, 1946, Gianni Versace grew up in a family of dressmakers and tailors. Hence, he developed a keen interest in fashion at an early age.
If you’re a fashion enthusiast, then you might have heard of the news that Versace has been bought by a new owner. But, who bought Versace? Let’s dive into the details.
Donatella Versace is a prominent Italian fashion designer and the chief creative officer of the Versace Group. She is the sister of late designer Gianni Versace and has been a key figure in the fashion industry for several decades. Her personal life has also been a topic of interest to many, with people often wondering who she has been married to.
Versace is an Italian fashion brand that has become synonymous with luxury and opulence. The brand was founded by Gianni Versace, who was born in Reggio Calabria, Italy, on December 2nd, 1946. Gianni Versace was interested in fashion from a young age and began working in the industry as a designer’s apprentice in his teens.
Gianni Versace, the founder of the iconic fashion brand Versace, was a true visionary. He built his empire from scratch and made it one of the most recognized fashion brands in the world. However, his life was cut short when he was tragically murdered in 1997.
Gianni Versace is a name that is synonymous with luxury and high fashion. The Italian designer founded the fashion empire, Versace, which is known for its bold designs, bright colors, and the iconic Medusa logo. But who exactly was the visionary behind the brand?
Donatella Versace, the sister of the late Gianni Versace, is a renowned Italian fashion designer and businesswoman. She was born on May 2, 1955, in Reggio di Calabria, Italy. Donatella is known for her bold and extravagant designs that have graced the red carpet and runways across the world.
If you are a fashion enthusiast, you must have heard of the iconic fashion label Versace. This luxury brand is known for its bold and glamorous designs that have been worn by A-list celebrities and fashionistas all over the world. But have you ever wondered who owns this prestigious fashion house?
When it comes to fashion, Versace is a name that needs no introduction. The fashion house has been a prominent player in the industry for decades, and its founder Gianni Versace remains an icon in the world of high-end fashion. But another name that has recently gained prominence in the world of fashion is Donatella Versace, Gianni’s sister and the current Vice President and Chief Designer of Versace.
