Versace is one of the most iconic and recognizable fashion brands in the world. But, who owns Versace now? In this article, we will explore the history of the brand and its current ownership.
The History of Versace
Versace was founded in 1978 by Gianni Versace, an Italian fashion designer. The brand quickly gained popularity and became known for its bold designs, bright colors, and use of luxurious materials. Over the years, Versace expanded its offerings to include accessories, fragrances, and home furnishings.
In 1997, tragedy struck when Gianni Versace was murdered outside of his Miami Beach home. His sister Donatella Versace took over as creative director of the company and has been at the helm ever since.
Versace’s Ownership
In September 2018, it was announced that Michael Kors Holdings Limited would acquire Versace for $2.1 billion. The acquisition was completed in December 2018, and Michael Kors Holdings Limited officially changed its name to Capri Holdings Limited.
Capri Holdings Limited is now the parent company of three luxury fashion brands: Michael Kors, Jimmy Choo, and Versace. The company is headquartered in London and has offices around the world.
The Impact of the Acquisition
The acquisition of Versace by Capri Holdings Limited has had a significant impact on the brand. Some industry experts have expressed concerns that under new ownership, Versace’s unique identity could be diluted or lost altogether.
However, Donatella Versace has assured fans that she will continue to lead creative efforts at the company and maintain its distinctive style. She has also stated that she sees potential for growth under Capri Holdings Limited’s ownership.
Conclusion
In conclusion, while Gianni Versace may have founded the brand over four decades ago, it is now owned by Capri Holdings Limited. The acquisition has raised questions about the future of the brand, but only time will tell how it will continue to evolve under new ownership. Regardless, Versace remains a beloved and iconic fashion brand that has left an indelible mark on the industry.
10 Related Question Answers Found
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.
Gianni Versace, the renowned Italian fashion designer, founded the iconic Versace brand in 1978. Since then, the brand has become synonymous with luxury and elegance, with its recognizable Medusa head logo gracing everything from clothing to accessories. However, following Gianni Versace’s tragic death in 1997, ownership of the brand has undergone several changes.
Versace is one of the most iconic fashion brands in the world, known for its luxurious designs and bold aesthetic. Founded by Gianni Versace in 1978, the company has undergone several changes over the years, including ownership changes. In this article, we’ll take a closer look at who owns the Versace Company now.
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.
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.
Versace is a well-known brand that has been around for decades. The fashion house was established in 1978 by Gianni Versace. Since then, it has become a symbol of luxury and style.
If you’re a fan of the luxury fashion brand, Versace, you may be wondering who is currently at the helm of the company. Well, wonder no more! Let’s take a closer look at who now runs Versace.
If you are a fashion enthusiast, you must have heard of Versace – one of the most iconic Italian luxury fashion brands. The brand has been around for over four decades and has a rich history that is steeped in glamour and excess. However, there have been some changes in the ownership of Versace over the years.
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 world-renowned brand that has been a symbol of luxury and fashion for decades. The Italian fashion house was founded by Gianni Versace in 1978 and since then, it has become one of the most recognizable fashion brands in the world. However, after the tragic murder of Gianni Versace in 1997, the ownership of the company has been in question.
