Versace is a luxury fashion brand that has been around for over four decades. The Italian fashion house is known for its opulent designs and quality products, including their eyewear line.
But have you ever wondered who owns Versace eyewear? In this article, we’ll take a closer look at the ownership of Versace eyewear.
Who Owns Versace?
First things first, let’s talk about who owns the Versace brand as a whole. The company was founded in 1978 by Gianni Versace and has since been owned and operated by the Versace family. However, in 2018, the company was acquired by Michael Kors Holdings Limited (now known as Capri Holdings Limited).
Versace Eyewear
Versace eyewear is a subsidiary of the Versace brand that specializes in luxury sunglasses and optical frames. The line includes both men’s and women’s styles that are designed to be both fashionable and functional.
The Ownership of Versace Eyewear
While Capri Holdings Limited owns the overall Versace brand, they do not own the eyewear division specifically. Instead, the license to create and distribute Versace eyewear belongs to Luxottica Group S.p.A., an Italian eyewear company.
Luxottica Group S.
Luxottica Group S. is a global leader in the design, manufacture, and distribution of high-quality fashion eyewear. They have licenses with several other luxury brands such as Ray-Ban, Oakley, Chanel, Prada, and Burberry.
The Partnership between Luxottica Group S. and Versace
The partnership between Luxottica Group S. and Versace began in 2003 when they signed a licensing agreement for the production and distribution of prescription frames and sunglasses. This agreement gave Luxottica Group S. the exclusive rights to create and sell Versace eyewear.
In Conclusion
In summary, while Capri Holdings Limited owns the overall Versace brand, the eyewear division is owned by Luxottica Group S. under a licensing agreement. So if you’re looking to purchase a pair of Versace sunglasses or optical frames, you’ll want to head to your nearest Luxottica retailer or authorized dealer!