donatella versace sells company | donatella versace dresses donatella versace sells company Versace’s parent company has announced it’s being bought by the luxury goods group Tapestry. In a new deal worth $8.5 billion (approximately €7.75bn), Capri Holdings is . $6,000.00
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Following a day of rumors, today it’s official: Michael Kors Holdings Limited has bought Versace, the Italian luxury goods house founded by the late Gianni Versace in 1978 and now creatively. The Versace family held an 80% interest in the eponymous label, and U.S. private-equity group Blackstone -- now exiting the label -- owned the remaining 20%. When the .
It’s perhaps the worst-kept secret in fashion that Donatella Versace – who is fast approaching retirement age – is in the market for a new creative director of her brand. This is how Michael Kors Holdings’ chairman and chief executive officer John Idol described Donatella Versace shortly after reaching a .1 billion deal to buy her family’s . Versace’s parent company has announced it’s being bought by the luxury goods group Tapestry. In a new deal worth .5 billion (approximately €7.75bn), Capri Holdings is . Versace, like the other business in the group’s stable, Jimmy Choo, sells to luxury retailers only, save for the occasional collaboration with the likes of streetwear brand Kith or .
Versace sold for a cool billion. Milanese label Versace has reportedly been sold in its entirety to American behemoth Michael Kors. Here, we analyse what it means for the brand that made a. Private equity firm Blackstone Group, which bought a 20% stake in the firm four years ago, will sell its holding. The new owner plans to increase the number of Versace outlets .
The RealReal, for one, has sold thousands of pre-worn pieces of Versace clothing, accessories, and costume jewelry—and in the past year, has seen sales of Versace clothing . Donatella Versace gives a rare interview ahead of her Fall 2023 show in Los Angeles about confidence, modernizing her brand, and optimism. Donatella Versace: ‘I want the company to stay forever’ . whose snake-clad head adorns everything the brand sells. I didn’t need telling. Although I’d heard from other journalists that Donatella Versace was “lovely”, in the pit of my stomach I found it difficult to believe that this blonde bullet of a woman, with her platinum hair .Donatella Versace and her former husband, American model Paul Beck, have two children together. Their daughter, Allegra Versace Beck, was born on June 30, 1986, and their son, Daniel Versace Beck, was born in 1989. Donatella’s marriage to Paul Beck ended in 2000. Donatella battled a cocaine addiction for 18 years until 2005.
MILAN, Italy — Donatella Versace wants to make one thing clear. Versace is a luxury brand, and it's staying that way. "Made in Italy, with quality," she reiterated on Tuesday, just hours after it was announced that Gianni Versace SpA would be acquired by Michael Kors Holdings — now rebranded Capri Holdings — for a value of .1 billion, including debt, or 22 . Donatella Versace used this collection as an inspiration for her Spring 2018 show to commemorate the 20th anniversary of her brother’s tragic death. Versace FW 1991 show with Supermodels finale . Initially, she served as Vice President and creative hand of the family company. The two siblings were very close and inspired each other. For .
4. Versace Group is one name that automatically comes to mind when we think of a big fashion brand and Donatella Versace, the brand's current Vice-President, is a major reason for that. Since childhood, Donatella has always been a person full of life as she started accompanying her brother to discos and nightclubs from the age of 11. With her creative . Donatella Versace, the sister of late designer Gianni Versace, recently made headlines for selling the iconic fashion brand Versace to Michael Kors Holdings Ltd. But just how much did she sell it for? According to reports, the sale was worth a whopping .12 billion dollars. That’s right, billion with a “B”. Versace was founded by Donatella’s brother, Gianni Versace, and when he was murdered in Miami in 1997, she inherited twenty per cent of the company and became chief executive officer. Versace was sold to Capri Holdings in 2018 though Donatella remains involved. So, how how did Donatella Versace build an empire from her late brother’s legacy?
Or in Versace’s own summary of that moment: “I’m here. Look at me: I’m not afraid, I’m not 20 years old, but I’m much better.” That’s the kind of empowerment Donatella Versace .
With the established popularity and influence of Versace in the fashion world, Donatella decided to sell about 20% stake in their company Versace to the equity firm Blackstone, this move has increased the value of the Versace company to roughly .4 billion overall with Allegra’s stake worth 0 million and Donatella’s stake worth 0,000. “Fashion is about dreaming and making other people dream.” ~Donatella Versace When you’re a member of an established True Fashionista family such as Versace and all eyes are on you, you best show up. As the youngest sibling to late designer and label founder Gianni Versace, Donatella has made a name for herself as an award-winning designer, company .In 2018, the Versace company was acquired by Michael Kors Holdings — now rebranded Capri Holdings — for a value of .1 billion. Donatella and her family now own €150 million (6 million) in group stock. . Donatella Versace has also overseen the repositioning of the Versus line, appointing Christopher Kane in 2009 to revive the brand .
From the moment Gianni Versace launched the company with his sister, Donatella, and brother, Santo, in 1978, he recognized how generating publicity with a whiff of the scandalous could work to his . Versace dismisses rumors that she wants to take the company public or to sell a majority stake. “It’s not about the money,” she says. “It’s about establishing Versace as a luxury brand.” Michael Kors Holdings — the company's name before the Versace acquisition — purchased Versace for more than .1 billion. Donatella will stay on as Versace's chief creative officer, Santo .
Contents1 Summary2 Biography2.1 Early Years2.2 Personal Life3 Career & Brand4 Notable Accolades5 References Summary Having been at the helm of the Versace empire as artistic director since 1997, Donatella Versace has overseen the growth of the group’s luxury clothing lines alongside the expansion into accessories, home furnishings and hotels, creating a luxury . Her brother Gianni Versace founded the Versace fashion house in 1978, and Donatella soon became an integral part of the company. She started out working in the public relations department before moving on to design. The Rise of Donatella Versace. Donatella quickly made her mark on the fashion world with her bold and daring designs.
Donatella Versace is a brand herself. Artistic director, designer, and entrepreneur, she’s certainly left no stone untouched. A fashion legend of a kind, she is the artistic director and vice . Donatella Versace became the designer for the company's Versus line in the 1980s. After her brother was murdered in 1997, she became artistic director of the Versace Group. Early Life How Donatella Versace would have looked at 68 without Botox: AI reveals the stunning transformation of the designer's face over the years. . Do not sell my personal information. Home Celebrity. Donatella Versace | Source: Getty Images. . In the division of the company, Donatella received a 20% stake, while Santo was given 30%, and Allegra . The deal will likely prove quite beneficial to the company and its family stakeholders: Santo Versace (who previously owned a 30 percent stake), Donatella Versace (20 percent) and Donatella's .
The Versace family will retain a role in the company, with Donatella, who has had a string of editorial and commercial successes since her Spring 2018 reissue collection, apparently maintaining . Donatella Versace never wanted the power that befell her on July 15, 1997. On that day, her brother Gianni—the creative genius behind the Versace empire—was murdered in Miami Beach.
Donatella Versace has never been afraid of taking centre stage – now she prepares to unveil her latest collection in Hollywood . ©2024 Hearst UK is the trading name of the National .Jennifer Lopez and Donatella Versace walk the runway at the Versace show during the Milan Fashion Week Spring/Summer 2020. Credit: Getty The J.Lo dress was a highlight, but Donatella’s overall .
The Versace lifestyle includes women’s, men’s, and children’s ready-to-wear, shoes, bags and accessories, Atelier Versace haute couture, eyewear, fragrances, watches, Palazzo Versace hotels, Versace Home homeware, and the Versace Jeans Couture youth line. Versace has a network of 230 boutiques and 638 licensed stores worldwide.
Back in 1978, when the Versace company first took its fashion steps, Donatella Versace became its vice president. But what’s fascinating is that she didn’t just hold a title; she was deeply involved in the company – and still is. Watching Donatella Versace have her photograph taken is like watching the word fabulous emerge out of a seashell, Botticelli’s Venus-style. She reclines on a white leather sofa in her office in Milan—amid eight black-and-silver pillows covered in Versace scrolls, Medusas, and Greek-key meander vectors—and purrs for the lens.
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