Versace fashion house bought by Michael Kors for $2.1bn to make super group. If you see something that doesn't look right, contact us! All rights reserved. Versace's illustrious career was decorated with numerous awards, including four L'Occhio d'Oros and an American Fashion Oscar in 1993. Versace was survived by his longtime partner Antonio D'Amico. Donatella Versace, Gianni's sister, who has become the face of the brand, will continue to lead the creative side of the business. My passion has never been stronger. Ms Versace said: "This is a very exciting moment for Versace. There are 1,300+ professionals named "Versace", who use LinkedIn to exchange information, ideas, and opportunities. Andrew Cunanan was a murderer who killed fashion designer Gianni Versace, and at least four other people, before committing suicide in a Miami houseboat. In recent years, her knack for cherry-picking archival prints and silhouettes to reissue has proven monumentally successful for the brand and retailers alike and recent collaborations (see: Kith and category expansions (see: sneakers only support the fact that she knows what she's doing. The business was always a family affair, with his brother Santo and sister Donatella working for him. Versace also published numerous books, including Rock and Royalty, The Art of Being You and Men Without Ties. Fashion icon Donatella Versace has been the artistic director of the Versace Group since 1997. (The parent company will be called Capri Holdings moving forward.). Throughout his career, Versace designed for such high-profile figures as Madonna, Princess Diana, Elton John and Tina Turner. Versace has been majority-owned by the famous family since it launched four decades ago. versace owner. GQ may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. This Italian fashion company produces luxurious ready to wear clothing and accessories, made in Italy, for both men and women. The U.S.A. boasts the largest apparel market in the world and yet it's failed to produce a worldwide multi-channel entity like the parent companies of Vuitton or Gucci have. Mr Idol said the company was committed to investing in Versace's growth, with a goal to grow revenues to more than £2bn (£1.5bn). View the profiles of professionals named "Versace" on LinkedIn. Versace's designs have been showcased in several museums, including Chicago's National Field Museum, London's Royal College of Art, Japan's Kobe City Museum and Germany's Kunstgewerbemuseum. As Anna Wintour told The New York Times, Versace "was the first to realize the value of celebrity in the front row, and the value of the supermodel, and put fashion on an international media platform." Versace was born on December 2, 1946, in Reggio di Calabria, Italy. “This is a very exciting moment for Versace.” she said in a press release. The deal follows the New York company's acquisition last year of luxury shoemaker Jimmy Choo - made famous by TV series Sex and the City - for $1.35bn (£1.03bn). The stable doesn't quite Capri in the same realm as LVMH or Kering—as noted in the BoF piece, the three brands combined don't yet hit what Gucci rakes in for parent company Kering—but it's certainly a start. Jean-Paul Gaultier is a French designer known for his influential designs, especially the creation of Madonna’s infamous conical bras for her 1990 Blond Ambition tour. "use strict";(function(){var insertion=document.getElementById("citation-access-date");var date=new Date().toLocaleDateString(undefined,{month:"long",day:"numeric",year:"numeric"});insertion.parentElement.replaceChild(document.createTextNode(date),insertion)})(); Subscribe to the Biography newsletter to receive stories about the people who shaped our world and the stories that shaped their lives. Giorgio Armani is an iconic Italian fashion designer best known in America for his popular men's suits. Add a Comment. Executive produced by Ryan Murphy, the series is based partly on the 1999 bestseller by Maureen Orth: Vulgar Favors: Andrew Cunanan, Gianni Versace, and the Largest Failed Manhunt in US History. From award-winning writing and photography to binge-ready videos to electric live events, GQ meets millions of modern men where they live, creating the moments that create conversations. We believe that being part of this group is essential to Versace’s long-term success. Simpson, which was based on Jeffrey Toobin’s non-fiction bestseller The Run of His Life, FX’s follow-up The Assassination Of Gianni Versace is based on Maureen Orth’s heavily researched and authenticated non-fiction best-seller Vulgar Favors which examined the true life crime spree of Andrew Cunanan. She said she has "always admired" Michael Kors chief executive John Idol, and the family believes that being part of the group is "essential to Versace's long-term success". That was Jimmy Choo, scooped up for $1.2 billion in July of last year. Yves Saint Laurent was best known as an influential European fashion designer who impacted fashion in the 1960s to the present day. He launched his first couture collection in 1989 and added two clothing lines, Versus and Instante, to his business in the '90s. "I am proud that Versace remains very strong in both fashion and modern culture. According to Business of Fashion, who broke the news, Capri's plan for the Milan-based brand is to increase the house's retail locations to 300 stores (from 200 currently), grow the accessories and footwear business, and expand e-commerce and "omni-channel development." Several services were held for Versace, including one at New York's Metropolitan Museum of Art. He was raised in the world of design, learning his trade at the hands of a mother who ran her own dressmaking business. He launched his classic Signature fragrance line in 1991 and his line of furniture and home goods in 1993. American fashion designer Tommy Hilfiger created a brand of clothing that was extremely popular with several different communities in the 1990s. It's big news for Kors Corp., too, but not the growing conglomerate's first big-name purchase. Versace launched his own ready-to-wear collection for women in 1978. Here's what you need to know. It has been more than 20 years since I took over the company along with my brother Santo and daughter Allegra. © 2020 Biography and the Biography logo are registered trademarks of A&E Television Networks, LLC. Allegra Versace Beck will turn 18 at end of month and come into control of 50 percent of privately held Versace fashion firm; ... A New Half-Owner for Versace, and She's Almost 18. Related Articles. Gianni Versace was one of the top fashion designers of the 1980s and '90s. This is the perfect time for our company, which puts creativity and innovation at the core of all of its actions, to grow.”. Being a multi-billion dollar brand is cool and all, but you know what's really cool? The Assassination of Gianni Versace, a 2018 series that focused on the murder of Versace, starred Edgar Ramirez as Versace, Penelope Cruz as sister Donatella and Darren Criss as Cunanan. A who's who of the fashion world — from Anna Wintour and Ralph Lauren to Calvin Klein and Marc Jacobs — turned out to bid farewell to Versace. Versace has been majority-owned by the famous family since it launched four decades ago. On Monday Michael Kors Holdings was believed to be buying the eponymous fashion house for $2bn (£1.5bn), but the final figure was higher. Versace went to work for his mother after completing high school. “Since Versace did not authorize the book on which it is partly based nor has it taken part in the writing of the screenplay, this TV series should only be considered as a work of fiction.”, “Like the original American Crime Story series The People vs O.J. "Santo, Allegra and I recognise that this next step will allow Versace to reach its full potential.". The Versace Mansion still reveals much of its original character, and speaks for itself. To revisit this article, visit My Profile, then View saved stories. "We believe that the strength of the Michael Kors and Jimmy Choo brands, and the acquisition of Versace, position us to deliver multiple years of revenue and earnings growth," he said. Critically, Donatella Versace will remain at the creative helm of the label that bears her family name. The brand's holding company just ponied up $2.12 billion for the iconic Italian house. “I am proud that Versace remains very strong in both fashion and modern culture. We strive for accuracy and fairness.

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