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Versace Fashion Shoes Versace Fashion on the Shoes

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Gianni Versace S.r.l.
Type Subsidiary (S.r.50.)
Industry Fashion
Founded 1978; 44 years ago  (1978) (every bit Gianni Versace Donna)
Founder Gianni Maria Versace
Headquarters

Milan

,

Italy

Primal people
  • Santo Versace (chairman​ and​ president)[1]
  • Jonathan Akeroyd (manager​ and​ CEO)[i]
  • Donatella Versace (artistic director)
Products Apparel, accessories
Acquirement
  • Increase€1.seven billion (2017)[2]
  • €635 one thousand thousand (2013)[2]

Number of employees

 1500
Parent Capri Holdings
Website www.versace.com

Italian luxury fashion house based in Milan, Italy

Coordinates: 45°28′fourteen″North ix°eleven′41″E  /  45.4706127°N 9.1947313°Eastward  / 45.4706127; 9.1947313 Gianni Versace S.r.l. (Italian pronunciation: [ˈdʒanni verˈsaːtʃe]),[a] normally referred to merely equally Versace, is an Italian luxury fashion visitor and trade proper noun founded by Gianni Versace in 1978. The company produces upmarket Italian-made ready-to-wear and accessories, every bit well every bit haute couture pieces under the Atelier Versace brand.[six] The Versace logo is the head of Medusa, a Greek mythological figure. The logo came from the floor of ruins in the area of Reggio Calabria that the Versace siblings played in as children. Gianni Versace chose Medusa as the logo considering she made people fall in dearest with her and they had no way dorsum. He hoped his visitor would have the same effect on people and on those who wore his clothes and shoes.

The Versace brand is known for its innovative designs having symbolic flashy prints and bright colors but with style.[7] [8] [9] The company announced in 2018 that it would terminate using fur in its collections.[10] On 25 September 2018, American Michael Kors Holdings acquired all outstanding shares in Gianni Versace S.r.fifty. for $2.12 billion (USD);[11] the acquisition was completed on 31 December 2018,[12] keeping on Donatella Versace as head of creative pattern.

History and operations [edit]

A clothes past Gianni Versace

In 1972, Gianni Versace designed his commencement collections for Callaghan, Genny, and Complice. In 1978, the company launched under the name "Gianni Versace Donna."[13] The first Versace boutique was opened in Milan's Via della Spiga in 1978.[xiv] [15] Versace was one of the few independent designers who was in control of everything about the brand, from designing to retailing.[vii] In 1982, the company expanded into the accompaniment, jewelry, dwelling house furnishing, and china industries.[xvi] In 1993, Donatella Versace created the "Young Versace" line also as "Versus."[13] In 1994, the brand gained widespread international coverage due to the black Versace dress of Elizabeth Hurley, referred to at the time equally "that clothes".[8] [17] [xviii]

Versace was oftentimes described every bit the "Rock n' Roll designer" because they designed for many famous clients, including Elton John and Michael Jackson. Versace designed the stage costumes and anthology embrace costumes for Elton John in 1992. Versace has besides designed clothing for the Princess of Wales and Princess Caroline of Monaco. The Versace company is known for using the aforementioned models in their ads as they do on the runway.[16]

After the murder 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.[19] Donatella'southward daughter Allegra Versace was left a 50 percent stake in the company, which she assumed control of on her eighteenth birthday.[xx] [21] [22]

In 2000, the "green Versace dress" worn by Jennifer Lopez at the 42nd Annual Grammy Awards gained a lot of media attention, being voted equally the "5th virtually iconic wearing apparel of all fourth dimension" in 2008, with Hurley's 1994 dress beingness voted beginning in a Daily Telegraph poll.[eighteen]

The company's profits were in decline in the early 2000s;[xx] [23] Fabio Massimo Cacciatori was hired as interim CEO to reorganise and restructure the Versace Group in 2003.[24] Cacciatori resigned in December 2003 due to "disputes with the Versace family".[24] From 2004 Giancarlo di Risio, from IT Holding, was CEO of the group until his resignation in 2009 due to disagreements with Donatella.[25] [26] [27] In May 2016, the Versace Grouping appointed Mr. Jonathan Akeroyd to the position of CEO and member of the company's board of directors.[28]

In Feb 2014 The Blackstone Group purchased a 20 percent stake in Versace for €210 million.[29] [30] [31]

As of 2016[update], more than than 1500 boutiques operate worldwide; the first boutique outside of Italia was opened in Glasgow, Scotland, in 1991.[32]

On 24 September 2018 Michael Kors appear that information technology offered a bargain to purchase Versace for two billion euros.[33] [34] In September 2018 Versace announced that one hundred per centum of all Blackstone and Versace family unit shares had been sold to the Group Michael Kors Limited.[35]

In Oct 2018, Versace announced to showcase the make'south get-go ever Pre-Fall season show in New York on ii December. The prove is scheduled on Gianni Versace'south birth appointment.[36]

In January 2019, Gianni Versace South.r.50. joined Capri Holdings Express, forming a new global manner luxury group together with Michael Kors and Jimmy Choo.[35] The acquirement with Michael Kors cost $2.2 billion.[37]

In 2020, the style house announced that it would finish using kangaroo leather in its luxury products. This followed Versace'due south 2018 conclusion to ban the utilise of real fur in its collection.[38]

In 2021, Versace opened their showtime boutique in SoHo, New York.[39]

Collaborations [edit]

In 2006, Gianni Versace South.r.l. entered into a partnership with Automobile Lamborghini S.r.fifty. to produce the Lamborghini Murciélago LP640 VERSACE. The car had a Versace white satin interior with the Versace logo embroidered into the seats. The auto was available in black and white. There were merely ten units produced. The car was sold with a complementary baggage set, luxury driving shoes, and driving gloves.[40]

The Versace boutique in Milan, Italia

Ashtray (22 cm × 22 cm) designed by Versace and produced by German porcelain visitor Rosenthal

The Versace company teamed upwards with AgustaWestland in 2008 to create the AgustaWestland AW109 Chiliad Versace VIP luxury helicopter. The helicopter includes Versace leather interior and a blueprint on the outside.[41] [42]

In 2009, Versace and H&M released a new line of clothing that would be sold in H&M stores. The store sold both men's and women's habiliment and home items such as pillows and blankets.[43]

In 2015, Versace collaborated with dancer Lil Cadet to release a line of sneakers.[44]

In 2018, Ronnie Fieg and Donatella Versace debuted their Kith x Versace collection, which featured a modified medusa logo with "KITH" written over its eyes.[45]

Versace Men's Fall 2019 drove featured several items with the logo of Ford Motor Company. Co-ordinate to the style business firm, the two companies joined forces to channel "the excitement of ownership your first car. Excitement and aspiration of owning something equally an extension of one's personality, something very continued to the idea of being a man."[46]

On September 26, 2021, Versace presented a articulation way show with Fendi, titled "The Swap",[47] which consisted of 2 collections – "Kim Jones' vision for Versace and Donatella Versace's interpretation of Fendi."[48] This marked the first time two artistic directors of brands in unlike way groups designed collections for each some other,[49] with Jones commenting, "we've simply washed it equally friends, and out of respect for each other. Information technology'south never been planned as a commercial thing."[l]

Partnerships [edit]

Versace partnered with the Heed Group firm in China in 2015. The two companies designed luxury residence towers called the "Versace Residencies." The goal of the creators were to combine Versace's luxury home elements with elements of traditional Chinese civilization.[51] This same year, Versace partnered with the ABIL Group in India to develop another residential projection. These luxury homes are located in South Bombay.[52]

In 2015, Donatella Versace was featured in Riccardo Tisci's Givenchy campaign.[53]

Palazzo Versace [edit]

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 Gilded Coast on 15 September 2000.[54] [55] The hotel was sold to a Chinese consortium in Dec 2012.[56] [57] The second Palazzo, the Palazzo Versace Dubai, was completed in Dec 2015 and is located on the foreshore of Dubai Creek.[58] A tertiary Palazzo is under construction. The Palazzo Versace Macau was announced in 2013 and volition be built in partnership with Macau'south largest casino operator SJM Holdings.[59] [60] [61] The Palazzo Versace hotels are the starting time fashion-branded hotels in the world and place an emphasis on dazzler and luxury.[62]

Controversy [edit]

In August 2019, Versace produced a range of tops that suggested "Hong Kong and Macau were separate countries". Versace apologised to its Chinese customers, said it had fabricated a mistake in the blueprint and would destroy the offending clothing on 11 August 2019.[63] Chinese actress Yang Mi, who also is the brand'southward administrator in People's republic of china, said she would end her association with Versace.[64]

Notes [edit]

  1. ^ Co-ordinate to a January 2018 Vogue interview with Donatella Versace, Versace is correctly pronounced vər-SAH-chay in English language equally opposed to the popular pronunciation of vər-SAH-chee.[3] [4] [5]

References [edit]

  1. ^ a b "Bloomberg". Retrieved 20 March 2015.
  2. ^ a b Mesco, Manuela (25 Apr 2016). "Gianni Versace turn a profit rose 17% in 2015, lifted past soaring sales". Il Corriere della Sera . Retrieved 25 May 2017.
  3. ^ Faddy (31 January 2018), 73 Questions With Donatella Versace | Vogue, archived from the original on 31 October 2021, retrieved ii March 2018
  4. ^ "You've probably been pronouncing 'Versace' wrong, according to Donatella". Harper'south Boutique. 2 February 2018. Retrieved 2 March 2018.
  5. ^ Bruno Mars (xiii August 2017), Bruno Mars – Versace On The Floor [Official Video], archived from the original on 31 October 2021, retrieved 2 March 2018
  6. ^ "Atelier Versace Drove | Usa Online Store". Versace . Retrieved twenty July 2021.
  7. ^ a b Davis, Daniel (2011). Versace. New York: Infobase Learning. p. 29. ISBN9781604139808.
  8. ^ a b White, Belinda (3 October 2012). "Non 'That wearing apparel' again? Lady Gaga wears Liz Hurley's Versace safety pin gown". The Daily Telegraph . Retrieved 14 August 2014.
  9. ^ Sun, Carol (Autumn 2001). "Transformation Parlor". Art Periodical. lx (iii): 42–47. doi:10.1080/00043249.2001.10792076. S2CID 220275008.
  10. ^ "Versace and Furla join designer labels ditching fur," Reuters, xv March 2018.
  11. ^ "Michael Kors Holdings Express to Exist Renamed Capri Holdings Express". investors.michaelkors.com . Retrieved 26 September 2018.
  12. ^ Capri Holdings press release
  13. ^ a b "Brand History". Versace . Retrieved 27 Apr 2018.
  14. ^ Matthew (28 Jan 2011). "History of Versace". Mode in Time. Retrieved 14 August 2014.
  15. ^ "Gianni Versace profile". Victoria and Albert Museum. 12 January 2003. Retrieved 14 August 2014.
  16. ^ a b "Versace". Fabricated-In-Italy.com . Retrieved 26 March 2016.
  17. ^ Gundle, Stephen (2008). Glamour: a history. Oxford University Printing. ISBN978-0-19-921098-5 . Retrieved 1 May 2011.
  18. ^ a b Khan, Urmee (9 Oct 2008). "Liz Hurley 'safety pin' dress voted the greatest dress". The Daily Telegraph. Archived from the original on 11 Jan 2022. Retrieved xiv August 2014.
  19. ^ "1997: Versace murdered on his doorstep". BBC News. 15 July 1997. Retrieved 14 August 2014.
  20. ^ a b Horyn, Cathy (15 June 2004). "A New Half-Owner for Versace, and She's About xviii". The New York Times . Retrieved 14 August 2014.
  21. ^ "Versace niece's $700m birthday gift". Sydney Morning Herald. ii July 2004. Retrieved 14 August 2014.
  22. ^ "Allegra Inherits Versace's Fortune". WENN. Contactmusic.com. 30 June 2004. Retrieved xv August 2014.
  23. ^ Freeman, Hadley (4 October 2004). "Versace struggles to regain its touch". The Guardian . Retrieved 14 August 2014.
  24. ^ a b Valerie (18 December 2003). "Fabio Massimo Cacciatori quits Versace CEO". DesignTAXI.com. Retrieved xiv August 2014.
  25. ^ "Versace Names Di Risio as Ceo and Strengthens Board". Women'southward Wear Daily. HighBeam Research. 27 August 2004. Archived from the original on 21 September 2014. Retrieved 14 August 2014.
  26. ^ Meichtry, Stacy (6 June 2009). "Versace CEO Di Risio Resigns". Wall Street Periodical . Retrieved 14 August 2014.
  27. ^ Meichtry, Stacy (22 May 2009). "Bucked by Designer, Versace CEO Eyes Exit". Wall Street Journal . Retrieved 14 August 2014.
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  29. ^ Binnie, Isla (27 February 2014). "Style house Versace sells stake to Blackstone to fund growth". Reuters . Retrieved fourteen August 2014.
  30. ^ Binnie, Isla (27 February 2014). "Versace Sells Minority Stake to Blackstone". Retrieved 27 Feb 2014.
  31. ^ Mesco, Manuela (27 February 2014). "Versace Sells Minority Stake to Blackstone". Wall Street Journal . Retrieved 14 August 2014.
  32. ^ Henderson, Damien (14 February 2005). "Glasgow's Versace loss may suit capital". Herald Scotland . Retrieved xiv Baronial 2014.
  33. ^ Dalton, Matthew; Kapner, Suzanne (24 September 2018). "Michael Kors Woos Versace in Push for Foothold in High Mode". Wall Street Journal. ISSN 0099-9660. Retrieved 25 September 2018.
  34. ^ "Michael Kors shares sink amidst Versace rumors". New York Postal service. 25 September 2018. Retrieved 25 September 2018.
  35. ^ a b "Versace Company Contour | UK Online Store". Versace . Retrieved xiv March 2019.
  36. ^ "Versace To Host Start Pre-Fall Show In New York". fourteen Oct 2018. Retrieved 14 Oct 2018.
  37. ^ "Michael Kors Buys Fashion Label Versace for $2.2 Billion". Bloomberg.com. 25 September 2018. Retrieved half-dozen August 2020.
  38. ^ Jack Dutton, "Versace bans kangaroo peel following pressure level from activists," The National 16 January 2020.
  39. ^ Turra, Alessandra (26 July 2021). "Versace Makes Retail Push button in the U.S." WWD . Retrieved 9 August 2021.
  40. ^ Smeyers, Marker (thirty September 2006). "Murciélago LP640 Versace". Lambo Cars . Retrieved 4 Apr 2016.
  41. ^ "11 Incredibly Expensive Choppers". BabaMail. December 2014. Retrieved 4 April 2016.
  42. ^ Gumuchian, Marie-Louise (xx March 2008). "Buckle upwards to Travel in Versace-Style Chopper". Reuter's . Retrieved four April 2016.
  43. ^ Wischhover, Cheryl (20 Oct 2011). "Here Information technology Is: Versace for H&M, The Consummate Drove". Fashionista . Retrieved iv April 2016.
  44. ^ Carlos, Marjon (30 October 2015). "Versace and Lil Cadet'southward Sneaker Collaboration Takes Flying Today". Vogue . Retrieved 4 April 2016.
  45. ^ "Kith Debuted Upcoming Versace Collaboration at Its 'Kith Park' Rails". Fashionista . Retrieved 13 January 2019.
  46. ^ "Versace Men's Fall 2019". WWD. 12 Jan 2019. Retrieved 13 January 2019.
  47. ^ "The Swap: Donatella Versace and Kim Jones | Online Store US". Versace . Retrieved 27 September 2021.
  48. ^ "Fabulous Friends – The Swap presented Kim Jones's vision for Versace and Donatella Versace's interpretation of Fendi. This is not a collaboration". Twitter . Retrieved 27 September 2021.
  49. ^ Zargani, Luisa (26 September 2021). "Donatella Versace, Kim Jones on Why Swapping Brands Is Brave". WWD . Retrieved 27 September 2021.
  50. ^ "How Do Y'all Say Fendace? Kate Moss, Naomi Campbell, and More than Step Out in Versace and Fendi's Runway Collaboration". Vogue. 26 September 2021. Retrieved 27 September 2021.
  51. ^ Martens, Cynthia (11 March 2015). "Versace to Partner With China's Listen Grouping". WWD . Retrieved four April 2016.
  52. ^ "ABIL Group partners with luxury brand Versace". Bricking News. 29 October 2015. Retrieved four Apr 2016.
  53. ^ Conlon, Scarlett (15 June 2015). "Donatella on Her Givenchy Campaign". Vogue . Retrieved 4 Apr 2016.
  54. ^ "Glitz abounds in Gilded Coast tribute to Versace". The New Zealand Herald. 27 May 2000. Retrieved xiv August 2014.
  55. ^ Templeman, Tiana (15 September 2000). "The Ascension and Autumn... and Ascension... of Palazzo Versace". Let's Travel Magazine . Retrieved 14 Baronial 2014.
  56. ^ Calligeros, Marissa (29 February 2012). "Gilded Coast's Palazzo Versace sold to Chinese for $68.5 million". Brisbane Times . Retrieved xiv August 2014.
  57. ^ Skene, Kathleen (29 April 2014). "Palazzo Versace GM Russell Durnell leaves five-star hotel'southward summit chore". Gold Declension Message . Retrieved fourteen August 2014.
  58. ^ Fahy, Michael (10 September 2015). "Palazzo Versace hotel in Dubai to open in Dec". The National . Retrieved 30 March 2016.
  59. ^ Bergin, Olivia (xx August 2013). "Palazzo Versace to open in Macau". The Daily Telegraph . Retrieved xv August 2014.
  60. ^ "Versace teams up with SJM to outfit Macau hotel". Red china Economic Review. SinoMedia Holdings. 21 August 2013. Archived from the original on 20 Oct 2013. Retrieved 21 August 2013.
  61. ^ O'Keeffe, Kate (21 August 2013). "Palazzo Versace Hotel Slated for Macau". Wall Street Journal . Retrieved 15 August 2014.
  62. ^ "History". Palazzo Versace . Retrieved xxx March 2016.
  63. ^ "Versace, Givenchy and Motorcoach Apologize to China Later T-Shirt Row". The New York Times. 12 Baronial 2019.
  64. ^ He, Huifeng (eleven August 2019). "Versace in trouble for tops that imply Hong Kong is not part of Mainland china". S China Morning Postal service . Retrieved eleven Baronial 2019.

External links [edit]

  • Official website

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