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Company type | Subsidiary (S.r.l.) |
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Industry | Fashion |
Founded | 1978 | , as Gianni Versace Donna
Founder | Gianni Maria Versace |
Headquarters |
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Key people |
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Products |
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Revenue | |
Number of employees | 1500 |
Parent | Capri Holdings |
Website | versace.com |
Gianni Versace S.r.l. (Italian: [ˈdʒanni verˈsaːtʃe]), usually referred to as Versace (/vərˈsɑːtʃeɪ/ vər-SAH-chay),[a] is an Italian luxury fashion company founded by Gianni Versace in 1978.[7] The company produces Italian-made ready-to-wear and accessories, as well as haute couture under its Atelier Versace brand[8] and licenses its name and branding to Luxottica for eyewear.[9] Gianni Versace being a native of Calabria, in the ancient Magna Grecia (Greater Greece), the company logo is inspired by Medusa, a figure from Greek mythology.[10]
The Brand was founded in 1978 by Gianni Versace and run after his death by his family: his brother Santo Versace and sister Donatella Versace while Donatella's daughter, Allegra Versace Beck, became the controlling shareholder having inherited her uncle Gianni's share. Her brother Daniel inherited much of his Uncles Art Collection.
In September 2018, the company was sold to the Michael Kors group Michael Kors Limited and in January 2019, Gianni Versace S.r.l. became part of the Capri Holdings Limited group for $2.12 billion, creating a new luxury group together with Michael Kors and Jimmy Choo, keeping Donatella Versace as head of Creative Design.[11]
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