Gianni Versace was the founder of the iconic fashion brand Versace. He rose to prominence in the 1980s and 1990s, known for his bold and extravagant designs that were often worn by celebrities and royalty.
However, his life was cut short when he was tragically murdered in 1997 at the age of 50. Since then, there has been much speculation about who owns Versace after his death.
After Gianni’s death, the ownership of Versace passed on to his family. His brother Santo Versace became the CEO of the company while Gianni’s sister Donatella Versace took over as creative director. The family retained full control of the company until 2018 when it was sold to Michael Kors Holdings Limited (now known as Capri Holdings Limited) for $2.1 billion.
Despite this change in ownership, Donatella Versace remains a prominent figure within the company and continues to oversee its creative direction. She has been credited with keeping the brand relevant and modern while still staying true to its roots.
In addition to Donatella, Gianni also had another sister named Tina who was involved in the business early on but eventually left to pursue other ventures. Today, she is a successful contemporary artist based in New York City.
It’s worth noting that while Versace is no longer fully owned by the family, they still hold a significant stake in the company. In fact, after its acquisition by Michael Kors Holdings Limited, several members of the Versace family were given shares in Capri Holdings Limited (the parent company) as part of the deal.
Overall, while ownership of Versace may have changed hands over the years, it remains a beloved fashion brand with a rich history and legacy that continues to influence fashion today.
Conclusion
In conclusion, after Gianni’s death in 1997, ownership of Versace passed on to his family. They remained in control of the company until 2018 when it was sold to Michael Kors Holdings Limited (now known as Capri Holdings Limited) for $2.
Despite the change in ownership, Donatella Versace remains a prominent figure within the company and continues to oversee its creative direction. Today, several members of the Versace family hold a significant stake in Capri Holdings Limited, ensuring that their legacy and influence will continue for years to come.
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The fashion industry was rocked in 1997 when Gianni Versace, the founder of luxury fashion house Versace, was tragically murdered outside his Miami Beach home. His untimely death left a void in the fashion world and raised questions about who would take over the iconic brand. After Gianni’s death, his sister Donatella Versace took over as creative director and vice president of the company.
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Gianni Versace was an Italian fashion designer who founded the iconic luxury brand, Versace. He was known for his bold designs, vibrant colors, and extravagant fashion shows that made him a staple in the fashion industry during the 1980s and 1990s. However, his life was tragically cut short when he was shot and killed in front of his Miami Beach mansion in 1997.
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Gianni Versace, the founder of the iconic fashion brand, passed away in 1997 leaving behind a legacy that continues to inspire the fashion industry today. With his sudden death, there was a question that arose about who would inherit his fortune and continue his legacy. Let’s take a closer look at who inherits Versace.
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