Versace

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For other uses, see Versace (disambiguation).
Versace
Private
Industry Consumer Goods
Founded 1978
Headquarters Milan, Italy
Key people
 Gianni Versace, Founder
Santo Versace, Chairman & President[1]
Gian Giacomo Ferraris, Director & CEO[1]
Donatella Versace, Artistic Director
Products Textiles, Apparel
Revenue
  • IncreaseEU€479.2 million (2013)[2]
  • EU€408.7 million (2012)[2]
Number of employees
 500
Website www.versace.com

Gianni Versace S.p.A. (Italian pronunciation: [ˈdʒanni verˈsaːtʃe]), usually referred to as Versace, is an Italian fashion company and trade name founded by Gianni Versace in 1978. The main collections within the Versace group are Versace Collection, Versus Versace and Versace Jeans.

History and operations

The first Versace boutique was opened in Milan's Via della Spiga in 1978.[3][4] In 1994, the brand gained widespread international coverage due to the "Black Versace dress of Elizabeth Hurley", referred to at the time as "that dress".[5][6][7]

After the death of Gianni Versace in 1997 his sister Donatella Versace, formerly vice-president, took over as creative director and his older brother Santo Versace became CEO.[8] Donatella's daughter Allegra Versace was left a 50 percent stake in the company, which she assumed control of on her eighteenth birthday.[9][10][11]

In 2000, the "green Versace dress" worn by Jennifer Lopez at the 42nd Annual Grammy Awards gained a lot of media attention, being voted as the "fifth most iconic dress of all time" in 2008, with Hurley's 1994 dress being voted first in a Daily Telegraph poll.[7]

The company's profits were in decline in the early 2000s;[9][12] Fabio Massimo Cacciatori was hired as interim CEO to reorganise and restructure the Versace Group in 2003.[13] Cacciatori resigned in December 2003 due to "disputes with the Versace family".[13] From 2004 Giancarlo di Risio, from IT Holding, was CEO of the group until his resignation in 2009 due to disagreements with Donatella.[14][15][16] Since July 2009, Gian Giacomo Ferraris, previously of Jil Sander, has operated as CEO for the group.[17]

In February 2014 The Blackstone Group purchased a 20 percent stake in Versace for €210 million.[18][19][20]

As of August 2013, more than 80 boutiques operate worldwide; the first boutique outside of Italy was opened in Glasgow, Scotland in 1991.[21]

File:Versace.jpg
The Versace boutique in Milan, Italy
File:USA-NYC-Versace 5th Avenue1.jpg
5th Avenue, NYC, 2013

Palazzo Versace

Soheil Abedian, of the Sunland Group, approached Versace in 1997 and successfully proposed a luxury hotel built upon the Versace brand; the first Palazzo Versace opened on Australia's Gold Coast on 15 September 2000.[22][23] The hotel was sold to a Chinese consortium in December 2012.[24][25] Two further Palazzos are under construction, the Palazzo Versace Dubai; which is expected to be completed in late 2014;[26] and the Palazzo Versace Macau which was announced in 2013 and will be built in partnership with Macau's largest casino operator SJM Holdings.[27][28][29]

References

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  2. ↑ 2.0 2.1 Lua error in package.lua at line 80: module 'strict' not found.
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  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ 9.0 9.1 Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  13. ↑ 13.0 13.1 Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  18. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  19. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  20. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  21. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  22. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  23. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  24. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  25. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  26. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  27. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  28. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  29. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

az:Gianni Versace

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