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? In this article, we will explore the history of Versace and its ownership.
The Beginning of Versace
Versace was founded in 1978 by Italian fashion designer Gianni Versace. He started his career working in his mother’s dressmaking business and later moved to Milan to work in the fashion industry. He founded his own label at the age of 32 and quickly gained recognition for his daring designs that combined glamour with rock-and-roll edge.
The Tragic End of Gianni Versace
In 1997, tragedy struck when Gianni was shot dead outside his Miami Beach mansion. His death shocked the fashion world, but his legacy continued through his siblings Donatella and Santo Versace who took over the ownership of the company.
Donatella Versace: The Creative Director
Donatella is Gianni’s younger sister and has been a part of the company since its inception. She started as a muse and model for her brother before becoming a designer herself. After Gianni’s death, she took over as the creative director of Versace and has been responsible for keeping the brand relevant with her bold designs.
Santo Versace: The Chairman
Santo is Gianni’s older brother and has been involved in the company since its inception. He took over as chairman after Gianni’s death and has played an important role in expanding the brand worldwide.
The Acquisition by Michael Kors
In 2018, American fashion company Michael Kors acquired Versace for $2.1 billion. This move was seen as a strategic one by Kors to compete with other luxury brands like Gucci and Louis Vuitton.
Conclusion
In conclusion, Versace is currently owned by Michael Kors, but the creative direction of the company is still in the hands of Donatella Versace. The brand has come a long way since its inception in 1978 and continues to be a symbol of luxury and glamour in the fashion world.
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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.
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?
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.
Versace is a name synonymous with luxury and high fashion. The Italian fashion house has been a prominent player in the industry for over four decades, known for its bold designs and iconic prints. But do you know who owns the fashion house Versace?
