Who Owns Gianni Versace?
Gianni Versace was a renowned Italian fashion designer, widely known for his bold and flamboyant designs. Versace’s creations were worn by numerous celebrities and even royalty. However, after his untimely death in 1997, there were questions about who would take over the iconic fashion house.
The Beginning of the Versace Empire
Versace began his career in fashion in the late 1970s, opening his first boutique in Milan in 1978. His designs quickly gained popularity, and by the early 1980s, he had expanded his brand to include men’s clothing and accessories.
In 1994, Gianni Versace took the company public by listing it on the New York Stock Exchange. This move allowed him to raise capital to expand the business even further.
The Death of Gianni Versace
In July 1997, Gianni Versace was tragically murdered outside his Miami Beach home. The news shocked the fashion world and left many wondering what would happen to his fashion empire.
The Role of Donatella Versace
Following her brother’s death, Donatella Versace took over as Creative Director of the company. Donatella had worked closely with her brother for many years and was already familiar with the brand’s aesthetic and values.
Under Donatella’s leadership, the company continued to grow and expand into new markets. She also collaborated with other designers and celebrities to create new collections that reflected her own vision for the brand.
The Sale of Versace
In September 2018, it was announced that Michael Kors Holdings Ltd (now known as Capri Holdings Limited) had acquired Versace for $2.12 billion. The sale included the fashion house and all of its assets.
Despite the sale, Donatella Versace remained on board as Creative Director and continued to oversee the brand’s design and creative direction.
Conclusion
The Versace brand has undergone many changes since its inception in the late 1970s. However, it remains an iconic symbol of Italian fashion and luxury.
Although Gianni Versace is no longer with us, his legacy lives on through his designs and the company he built. And with Donatella Versace at the helm, there is no doubt that the brand will continue to evolve and thrive in the years to come.
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