What is Donatella Versace's Net Worth and Salary? Donatella Versace is an Italian fashion designer who has a net worth of $400 million.
Versace spent years building a name for his eponymous company, and even today, two decades after his death, his brand remains one of the most recognized labels in the fashion world. Now led by his sister Donatella, 62, the brand and company are currently valued at $1.7 billion, according to Reuters.
On 25 September 2018, American Michael Kors Holdings acquired all outstanding shares in Gianni Versace S.r.l. for $2.12 billion (USD); the acquisition was completed on 31 December 2018, keeping on Donatella Versace as head of creative design.
Upon Gianni's death in 1997, she inherited a portion of the Versace brand and became its creative director. She is currently the brand's chief creative officer. Along with her brother Gianni, she is widely credited for the supermodel phenomenon of the 1990s by casting editorial models on the runway.
Donatella Versace, whose late brother Gianni founded the company in 1978, will stay on as Creative Director. "It has been more than 20 years since I took over the company along with my brother Santo and daughter Allegra," Donatella said in a statement.
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At the time of his death, Versace's empire was valued at $807 million and included 130 boutiques across the world.
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 because she made people fall in love with her and they had no way back.
In fiscal year ended in April 2, 2022, Versace had global revenues of 1.1 billion U.S. dollars. Versace is owned by Capri Holdings Limited.
The mother of two, who owns the label with her other brother Santo, 73, and daughter Allegra, 32, insists the label had to be sold in order for it to 'reach its full potential'.
Michael Kors has announced that it's set to acquire Versace for approximately $2.12 billion, Business of Fashion reports. The sale is expected to close in late 2019. A new chapter: Johnathan Akeroyd, Donatella Versace, and John Idol pose for a portrait announcing Michael Kors' acquisition of Versace.
When it comes to preferences and a general feel about the brand, both Versace and Gucci have a similar score. Online surveys show that Versace was slightly more appreciated than Gucci, but not by much. When it comes to negative comments, Gucci received slightly more criticism in comparison with Versace.
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Italian fashion house Versace drops one place to end at number nine on our list. Founded by Gianni Versace in 1978, Versace strengthens its position on our list of the most popular luxury brands online in 2022, after gaining ten places last year.
Versace was inspired by the pre-monster Medusa who symbolizes power, strength and beauty. This is clear in his logo that portrays her with flowing hair instead of snakes.
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