Versace is a renowned Italian fashion house that has been a symbol of luxury and style for over four decades. The brand is known for its bold and provocative designs that have graced the runways of fashion capitals across the world.
But have you ever wondered who owns this iconic fashion house? Let’s take a closer look.
Founding of Versace
Versace was founded in 1978 by Gianni Versace, an Italian fashion designer, and his brother Santo Versace. Gianni was the creative mastermind behind the brand, while Santo handled the business side of things. The brand quickly gained recognition for its flamboyant designs that featured bright colors, bold prints, and luxurious fabrics.
Gianni’s Death
In 1997, tragedy struck the Versace family when Gianni was murdered outside his Miami Beach mansion by Andrew Cunanan. This was a huge blow to the brand as Gianni was the driving force behind it. However, the family decided to carry on his legacy by continuing to design collections under the Versace name.
The Sale of Versace
In 2018, it was announced that Michael Kors Holdings had acquired Versace for $2.1 billion. Michael Kors is an American luxury fashion company that is known for its handbags and accessories. The acquisition brought together two iconic brands in the fashion industry.
The New Owners
Following the sale, Donatella Versace, Gianni’s sister and longtime collaborator, remained as creative director of the brand. She continues to design collections that embody the spirit of her brother’s vision while also infusing her own unique style into each piece.
What Does This Mean for Versace?
The sale to Michael Kors Holdings has brought some changes to Versace. One notable change is that the brand has been renamed to Capri Holdings Limited. This is a strategic move by Michael Kors Holdings to create a luxury fashion conglomerate that includes multiple brands.
Conclusion
In conclusion, Versace is now owned by Capri Holdings Limited, which is the parent company of Michael Kors Holdings. Despite this change in ownership, the brand’s core values and unique aesthetic remain unchanged. Donatella Versace continues to lead the creative direction of the brand, ensuring that each collection stays true to the Versace legacy.
8 Related Question Answers Found
The iconic Versace House is a symbol of luxury, fashion, and opulence. It is a place where extravagance meets sophistication, and where the elite comes to indulge in the finer things in life. But who really owns the Versace House?
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The Overview of the Versace Hotel
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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.
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
The Versace family is the founder and current owner of the Versace brand.
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.
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 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?
