Who Owns Versace Brand Now?

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Have you ever wondered who owns the luxurious fashion brand Versace? The answer might surprise you.

In 2018, Versace was acquired by the American fashion group, Michael Kors Holdings Limited. But that’s not where the story ends.

Background of Versace

Versace is a high-end Italian fashion brand founded by Gianni Versace in 1978. The brand is known for its glamorous designs that cater to the rich and famous. After Gianni’s death in 1997, his sister Donatella Versace took over as the creative director of the brand and has since been credited with keeping the brand relevant and successful.

The Acquisition

In September 2018, Michael Kors Holdings Limited announced that they had acquired Versace for $2.12 billion. This acquisition was part of Michael Kors’ plan to become a global luxury fashion group with a portfolio of brands catering to different segments of the market.

What Does This Mean for Versace?

Despite the acquisition, Donatella Versace remains as the creative director of the brand and has continued to steer it in her unique direction. However, there have been some changes made to support this new direction. For instance, Michael Kors Holdings Limited changed its name to Capri Holdings Limited after acquiring Jimmy Choo and Versace.

The Future of Versace

With Capri Holdings behind it, there is no doubt that Versace has access to more resources than ever before. The company has already announced plans to expand its retail footprint by opening more stores around the world.

In Conclusion

To sum up, while it may have been surprising news for some when Michael Kors Holdings Limited acquired Versace in 2018, it seems that this move has only strengthened the brand’s position in the luxury fashion market. With Donatella Versace at the helm and Capri Holdings Limited supporting it, Versace is poised to continue to be a major player in the fashion industry for years to come.

  • Key Takeaways:
  • Versace was acquired by Michael Kors Holdings Limited in 2018 for $2.
  • Donatella Versace remains as the creative director of the brand.
  • Capri Holdings Limited, formerly Michael Kors Holdings Limited, changed its name after acquiring Jimmy Choo and Versace.
  • Versace plans to expand its retail footprint by opening more stores around the world.

5 Related Question Answers Found

Who Owns Versace Brand?

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?

Who Owns Versace Today?

Gianni Versace, the founder of the Italian luxury fashion house Versace, was tragically murdered in 1997. Since then, the brand has gone through several changes in ownership. Today, the company is owned by Capri Holdings Limited, a global fashion luxury group that also owns Michael Kors and Jimmy Choo.

Who Owns the Versace Brand?

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.

Who Owns the Brand Versace?

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?

Who Currently Owns 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.