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.
The current owner of the Versace brand is Capri Holdings Limited. Capri Holdings is a global fashion luxury group that also owns other high-end brands like Michael Kors and Jimmy Choo. The company acquired Versace in September 2018 for $2.1 billion.
Prior to being acquired by Capri Holdings, Versace was owned by the Versace family. After Gianni’s death, his sister Donatella took over as creative director of the brand, while his brother Santo managed the business side of things. However, in 2014, the company was sold to Blackstone Group and then later to Michael Kors Holdings Ltd., which later rebranded itself as Capri Holdings Limited.
Despite being owned by a larger corporation, Versace remains true to its roots and continues to produce high-quality luxury items that are recognizable worldwide. The brand offers a range of products including clothing, accessories, fragrances and even home decor.
In recent years, Versace has collaborated with other brands such as H&M and even released its own collection of sneakers. These collaborations have helped to broaden the appeal of the brand and attract new customers.
Overall, while ownership of the Versace brand may have changed over time, its commitment to quality and innovation remains steadfast. With Capri Holdings at its helm, we can expect to see continued growth and success for this iconic Italian fashion house.
Conclusion:
In conclusion, it’s clear that Capri Holdings Limited currently owns the iconic Versace brand. Despite changing hands several times over its 40-year history, the brand has remained true to its roots and continues to offer high-quality luxury items that are recognized worldwide. With new collaborations and products on the horizon, we can expect to see continued growth and success for Versace in the years to come.
8 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?
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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.
If you’re a fashion enthusiast, you’ve probably heard of Versace, the Italian luxury fashion label that’s known for its bold designs and vibrant colors. But have you ever wondered who owns this iconic empire? The Versace Family
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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?
Gianni Versace, the Italian fashion designer founded Versace in 1978. Since then, the brand has become synonymous with luxury and glamour. However, after Gianni Versace’s untimely death in 1997, the ownership of the company has changed hands a few times.
If you are familiar with the fashion industry, then you have definitely heard of Versace. The Italian fashion house is known for its luxurious designs and high-end products that have captured the hearts of many consumers around the world. However, did you know that Versace has also ventured into the hospitality industry That’s right – Versace has a hotel that bears its name, but who exactly owns it
The Overview of the Versace Hotel
The Palazzo Versace Dubai is a 5-star hotel located in Dubai, United Arab Emirates.
