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? Let’s take a closer look.
Gianni Versace: The Founder
Gianni Versace was the genius behind the Versace brand. Born in Reggio Calabria, Italy, in 1946, he began his career in fashion at a young age.
He worked for various design houses before eventually launching his own label in 1978. His first boutique was located in Milan, and it quickly became popular among the elite fashion crowd.
The Tragic Death of Gianni Versace
In 1997, tragedy struck when Gianni was shot and killed outside his Miami Beach home. His untimely death sent shockwaves through the fashion industry and left many wondering what would happen to his eponymous brand.
Donatella Versace Takes Over
After Gianni’s death, his sister Donatella took over as creative director of the company. She had already been working closely with her brother for years and was well-equipped to take on this new role. Donatella has since become one of the most influential figures in fashion and has helped to keep the Versace brand relevant over the years.
The Acquisition by Capri Holdings
In 2018, after months of speculation, it was announced that Capri Holdings had acquired Versace for $2.12 billion. Capri Holdings is a luxury fashion group that also owns Michael Kors and Jimmy Choo brands. The acquisition was seen as a strategic move by Capri Holdings to expand their luxury portfolio.
Capri Holdings CEO John D. Idol on the Acquisition
“We are excited to have Versace as part of our family of luxury brands, and we are committed to investing in its growth. With the full resources of our group, we believe that Versace will continue to be a vibrant and innovative fashion house.”
The Present and Future of Versace
Under Capri Holdings, Versace has continued to thrive and expand its reach around the world. The brand has launched new collections, collaborations, and even opened a new flagship store in New York City. Donatella Versace remains as the creative director of the label and is still involved in every aspect of its design.
In conclusion, while Gianni Versace was the founder of the iconic brand, it is now owned by Capri Holdings. Under their stewardship, Versace has continued to grow and remain at the forefront of luxury fashion. With Donatella Versace’s guidance and creativity, there is no doubt that this legendary brand will continue to flourish for years to come.