Statistics based on 338 current and past employees of Versace . By accessing any element beneath this banner, you agree to the use of cookies. The company, faced with insolvency by the subsequent collapse of Waterford Wedgwood, filed for insolvency on 9 January 2009. This website uses cookies profiling its own and other websites to serve you advertising in line with your preferences. Hear about exclusive events, collections and news. Discover and shop online dining, living, bed & bath items at impressive prices. As consumers, we often take for granted all the hard work that goes into building a great company. Versace Classic Roma Very rare Lady's Watch $ 560. Finance man Santo concurred, telling Sara Gay Forden of WWD that the siblings sought to "give this group a life that is autonomous from that of its founders. The company diversified into the highly competitive realm of color cosmetics with the European introduction of Versace Make-up in 1997. Sales more than doubled, from L221 billion in 1990 to L510 billion in 1994, while net income mushroomed from L14.2 billion to L39.7 billion. After studying architecture, Gianni stayed in his hometown of Reggio Calabria through the 1960s, first apprenticing with his mother and later running two separate boutiques showcasing his men's and women's fashions. With his creative reputation firmly in place, Versace moved quickly to capitalize on his brand equity. Like fashion icons before him, Versace realized that while most women could not afford a $15,000 signature dress, many more could afford a distinctively printed silk scarf or a watch with his Medusa-head logo. Its wares are distributed through more than 300 boutiques and 2,000 affiliated stores. Then there were the persistent--and steadfastly renounced--rumors that the company had links to organized crime. She was Gianni Versace S.p. Versace was also quick to make international forays, establishing company-owned and franchised boutiques in Europe and Asia in the early 1980s. Andy Warhol painted his portrait. At this time, the Versace brand was generating L520 billion at wholesale. You've already flagged this Haf Katib 2 reviews. He designed costumes for Elton John's rock concerts as well as ballets produced by Maurice Bejart. Gianni Versace left de facto control of his global enterprise in the hands of sister Donatella by bequeathing his stake in the company to her 11-year-old daughter, Allegra Beck. By the late 1990s, the fashion empire stretched from the design table to manufacturing sites to the sales counter. Company profile page for Versace UK PLC including stock price, company news, press releases, executives, board members, and contact information The Versace name is estimated to generate US$2 billion at retail and US$1 billion wholesale. US. Gianni Versace
By: Krystial Cebe
2. Trade magazine Daily News Record asserted that "fashion has lost one of its brightest superstars at the height of his career." His mother, Francesca, fashioned gowns for the region's elite. Versace planned a mid-decade initial public offering to finance continued growth. Blackstone, the world’s largest private-equity firm, will be the only other Versace shareholder, he said. Free shipping. . Donatella presented her first emotion-charged signature collection in October 1997 to a crowd of very supportive designers, Hollywood celebrities, and rock stars. That year, Gianni and Santo announced their intent to make the U.S. Versace's primary export market and a generator of at least 30 percent of annual sales. joined Capri Holdings Limited, forming a new global fashion luxury group together with Michael Kors and Jimmy Choo. Gianni Versace S.r.l. This task required her to remove herself from Gianni’s inspirations and stylings—one of her biggest challenges as artistic director, by her own account. Nonetheless, she is not a star, as you could think the company and the … In 1991, the company introduced Versatile, a line of designer clothes for full-figured women that included leopard catsuits, pleated miniskirts, and bejeweled bustiers in bright colors. March 1985 saw the introduction of Versace's first Istante collection, a ready-to-wear line of "conservative-chic" clothing designed by Gianni with help from longtime companion Antonio D'Amico and sister Donatella. Aussi, lorsqu'elle l'accompagne au centième anniversaire du magazine Vogue à New York en 1993, il l'habille d'une robe issue de sa collection Miss S&M. Both were committed to taking the company public in 1998. The family business stepped up the pace of growth through brand extension--known in fashion parlance as "product pyramiding"--in the 1990s. Gianni Versace is an Italian luxury fashion company. It was a rapid, but well-considered expansion that was careful not to oversaturate and possibly diminish the brand's aura of exclusivity and cachet. Book a virtual or an in-store shopping appointment with one of our skilled advisors. Enter security code . Versace Usa, Inc. is a California Foreign Corporation filed on October 27, 1997. © Gianni Versace S.r.l. Professional dealer. Private equity firm Blackstone Capital has taken a 20% stake in Italian fashion house Versace in a deal valuing the company at EUR1bn (US$823.31m). Find the perfect Versace Hosts A Private Party For George Michael A Different Story stock photos and editorial news pictures from Getty Images. Découvrez en exclusivité les nouveautés pour femmes : trouvez la robe, la jupe ou le pantalon idéal associé à la veste, au T-shirt ou à l'accessoire qu'il vous faut pour compléter votre look. Italian fashion house Versace is in ... after U.S. private equity Blackstone bought a 20 percent stake in 2014 to fund its overseas expansion. Mr. Ferraris, in a statement, said Versace … In January 2019, Gianni Versace S.r.l. Santo Versace remains chairman and president of Versace, while Jonathan Akeroyd is the director and CEO of the company. Being a private company, Versace isn’t forced to disclose its financials, yet the FT report suggests the company had an EBTIDA of about $480 million last year. In 1972 Ezio Nicosia, owner of Florentine Flowers of Lucca, invited Gianni to move to Milan and design a knitwear collection for fall and winter.