Versace is a luxury fashion brand that has been at the forefront of the fashion industry since its inception in 1978. The brand is known for its bold, colorful designs, and its iconic Medusa logo.
But who runs the Versace company? Let’s take a closer look.
The Founding of Versace
The Versace company was founded by Gianni Versace in 1978. Gianni was born in Reggio Calabria, Italy in 1946 and began his fashion career as a designer for his mother’s dressmaking business. In 1972, he moved to Milan and started working as a freelance designer for several Italian fashion houses.
Growing the Business
Gianni Versace launched his eponymous brand in 1978 with women’s wear, and soon expanded into men’s wear and accessories. The brand gained popularity quickly due to its innovative designs and high-quality materials.
In 1993, the company went public on the Milan Stock Exchange, which helped to raise funds for expansion. By the late 1990s, Versace had over 130 boutiques worldwide and was generating over $500 million in revenue each year.
The Tragic Death of Gianni Versace
In July of 1997, Gianni Versace was tragically murdered outside of his Miami Beach home. His death shocked the fashion world and left many wondering what would happen to his beloved brand.
Donatella Takes Over
After her brother’s death, Donatella Versace took over as creative director of the company. Donatella had been working alongside her brother since the early days of his career and was already an integral part of the design team.
Under Donatella’s leadership, Versace continued to thrive. She brought her own unique vision to the brand while still staying true to Gianni’s original aesthetic. Today, Donatella is the Vice President and Chief Designer of the Versace Group.
The Future of Versace
In 2018, it was announced that Michael Kors Holdings had acquired Versace for $2.1 billion. The acquisition brought together two iconic brands in the fashion industry.
Under the new ownership, Donatella remains as the creative director of Versace and continues to lead the brand forward. With its rich history and talented team, there’s no doubt that Versace will continue to be a major player in the fashion industry for years to come.
Conclusion
Gianni Versace may have been the founder of the company, but it’s clear that his legacy has been carried on by his sister Donatella. Under her leadership, Versace has continued to thrive and evolve while still staying true to its roots. With Michael Kors Holdings now at the helm, it will be interesting to see what new heights this iconic brand will reach in the future.
9 Related Question Answers Found
Versace is a fashion brand that has become synonymous with luxury, glamour, and high-end fashion. The brand was founded in 1978 by the late Gianni Versace, who quickly became one of the most influential designers of his time. However, after Gianni’s tragic death in 1997, the Versace company underwent a significant change in ownership.
Have you ever wondered who owns the iconic Versace label? Well, wonder no more! In this article, we’ll explore the history of the brand and its ownership.
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.
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 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?
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.
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.
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?
If you are familiar with the fashion industry, then you have definitely heard of Versace. The Italian fashion house is known for its luxurious designs and high-end products that have captured the hearts of many consumers around the world. However, did you know that Versace has also ventured into the hospitality industry That’s right – Versace has a hotel that bears its name, but who exactly owns it
The Overview of the Versace Hotel
The Palazzo Versace Dubai is a 5-star hotel located in Dubai, United Arab Emirates.
