Who Took Over Versace?

In 1997, the fashion industry was shocked by the murder of Gianni Versace, the founder and creative director of luxury fashion house Versace. The Italian designer was shot dead outside his Miami Beach mansion by Andrew Cunanan, a serial killer who took his own life eight days later.

After Gianni’s death, his sister Donatella Versace became the new creative director of the fashion house. Donatella had worked closely with her brother for many years and had been responsible for designing some of Versace’s most iconic collections. She was determined to continue Gianni’s legacy and ensure that the brand remained at the forefront of fashion.

Under Donatella’s leadership, Versace continued to produce bold and glamorous designs that were loved by celebrities and fashion enthusiasts alike. Donatella introduced new elements to the brand’s aesthetic such as bright colors, bold prints, and daring Silhouettes.

In 2018, it was announced that Michael Kors Holdings Limited had acquired Versace for $2.1 billion. This move was seen as a way for Michael Kors to expand its luxury offerings and compete with other high-end fashion houses such as Gucci and Louis Vuitton.

Many people were concerned about how this acquisition would affect the iconic brand. However, Michael Kors reassured fans that they would not be making any drastic changes to Versace’s aesthetic or heritage. Instead, they planned to invest in expanding Versace’s online presence and opening new stores around the world.

Despite these assurances, some people still felt uneasy about the future of one of Italy’s most beloved fashion houses being in American hands. However, only time will tell how this acquisition will ultimately affect Versace.

In conclusion, Donatella Versace took over as creative director after her brother Gianni’s death and led the brand with great success until its recent acquisition by Michael Kors Holdings Limited. Despite concerns about this acquisition, the future of Versace remains uncertain but fans can rest assured that the brand’s iconic aesthetic and heritage will be preserved.