Versace

Versace
From Wikipedia, the free encyclopedia
For other uses, see Versace (disambiguation).
Versace
Type
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
Revenue
Textiles, Apparel
EU479.2 million
(2013)[2]
EU408.7 million (2012)[2]
Number of
employees
500
Website
www.versace.com
Gianni Versace S.p.A. (Italian pronunciation: [danni versae]), usually referred to

as Versace, is an Italian fashion company and trade name founded by Gianni Versace in
1978.
Contents
[hide]
1 History and operations
2 Palazzo Versace
3 References
4 External links
History and operations[edit]

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 vicepresident, took over as creative director and his older brotherSanto 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 2000 dress being voted first in aDaily 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]
The Versace boutique in Milan, Italy
5th Avenue, NYC, 2013
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 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[edit]
1. ^ Jump up to:a b "Bloomberg accessdate=20 March 2015".
2. ^ Jump up to:a b Mesco, Manuela (2014-03-27). "Gianni Versace
profit rose 28% in 2013, lifted by soaring sales". Wall Street
Journal. Retrieved 2014-08-14.
3. Jump up^ Matthew (2011-01-28). "History of Versace". Fashion in

Time. Retrieved 2014-08-14.
4. Jump up^ "Gianni Versace profile". Victoria and Albert Museum.
2003-01-12. Retrieved 2014-08-14.
5. Jump up^ Gundle, Stephen (2008). Glamour: a history. Oxford
University Press. ISBN 978-0-19-921098-5. Retrieved 1 May 2011.
6. Jump up^ White, Belinda (3 October 2012). "Not 'That dress'
again? Lady Gaga wears Liz Hurley's Versace safety pin
gown". The Daily Telegraph. Retrieved 2014-08-14.
7. ^ Jump up to:a b Khan, Urmee (2008-10-09). "Liz Hurley 'safety pin'
dress voted the greatest dress".The Daily Telegraph.
Retrieved 2014-08-14.
8. Jump up^ "1997: Versace murdered on his doorstep". BBC News.
1997-07-15. Retrieved2014-08-14.
9. ^ Jump up to:a b Horyn, Cathy (2004-06-15). "A New Half-Owner for
Versace, and She's Almost 18".New York Times. Retrieved 201408-14.
10. Jump up^ "Versace niece's $700m birthday gift". Sydney Morning
Herald. 2004-07-02. Retrieved2014-08-14.
11. Jump up^ "Allegra Inherits Versace's
Fortune". WENN. Contactmusic.com. 2004-06-30. Retrieved201408-15.
12. Jump up^ Freeman, Hadley (2004-10-04). "Versace struggles to
regain its touch". The Guardian. Retrieved 2014-08-14.
13. ^ Jump up to:a b Valerie (2003-12-18). "Fabio Massimo Cacciatori
quits Versace CEO".DesignTAXI.com. Retrieved 2014-08-14.
14. Jump up^ "Versace Names Di Risio as Ceo and Strengthens
Board". Women's Wear Daily.HighBeam Research. 2004-08-27.
15. Jump up^ Meichtry, Stacy (2009-06-06). "Versace CEO Di Risio
Resigns". Wall Street Journal. Retrieved 2014-08-14.
16. Jump up^ Meichtry, Stacy (2009-05-22). "Bucked by Designer,
Versace CEO Eyes Exit". Wall Street Journal. Retrieved 2014-0814.
17. Jump up^ "FT Business of Luxury Summit 2012 - Gian Giacomo
Ferraris". Financial Times. Retrieved 2014-08-14.
18. Jump up^ Binnie, Isla (2014-02-27). "Fashion house Versace sells
stake to Blackstone to fund growth". Reuters. Retrieved 2014-0814.
19. Jump up^ Binnie, Isla (27 February 2014). "Versace Sells Minority
Stake to Blackstone". Retrieved27 February 2014.
20. Jump up^ Mesco, Manuela (2014-02-27). "Versace Sells Minority
Stake to Blackstone". Wall Street Journal. Retrieved 2014-08-14.
21. Jump up^ Henderson, Damien (2005-02-14). "Glasgow's Versace
loss may suit capital". Herald Scotland. Retrieved 2014-08-14.
22. Jump up^ "Glitz abounds in Gold Coast tribute to Versace". NZ
Herald. 2000-05-27. Retrieved2014-08-14.
23. Jump up^ Templeman, Tiana (2000-09-15). "The Rise and Fall...
and Rise... of Palazzo Versace".Let's Travel Magazine.
24. Jump up^ Calligeros, Marissa (2012-02-29). "Gold Coast's
Palazzo Versace sold to Chinese for $68.5 million". Brisbane
Times. Retrieved 2014-08-14.
25. Jump up^ Skene, Kathleen (2014-04-29). "Palazzo Versace GM
Russell Durnell leaves five-star hotel's top job". Gold Coast
Bulletin. Retrieved 2014-08-14.
26. Jump up^ Odedra, Rahul (2014-07-14). "Palazzo Versace issues
cooling contract as Dubai project moves towards
completion". Arabian Business. Retrieved 2014-08-15.
27. Jump up^ Bergin, Olivia (20 August 2013). "Palazzo Versace to
open in Macau". The Daily Telegraph. Retrieved 2014-08-15.
28. Jump up^ "Versace teams up with SJM to outfit Macau
hotel". China Economic Review. SinoMedia Holdings. 21 August
2013. Retrieved 21 August 2013.
29. Jump up^ O'Keeffe, Kate (2013-08-21). "Palazzo Versace Hotel
Slated for Macau". Wall Street Journal. Retrieved 2014-08-15.
External links[edit]
Italy portal
Companies portal
Fashion portal
Official website
Versace brand and company profile at Fashion Model

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[show]
by country
WorldCat
VIAF: 149158737
Authority control
LCCN: n2009050362
GND: 10061800-5
Categories:
Versace
Clothing companies of Italy
Companies based in Milan
Italian brands
Companies established in 1978

1978 establishments in Italy
Haute couture
High fashion brands
Jewellery retailers of Italy
Luxury brands
Watch manufacturing companies of Italy
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Versace

From Wikipedia, the free encyclopedia

For other uses, see Versace (disambiguation).

Gianni Versace, Founder

Gianni Versace S.p.A. (Italian pronunciation: [danni versae]), usually referred to

1 History and operations

History and operations[edit]

The Versace boutique in Milan, Italy

5th Avenue, NYC, 2013

3. Jump up^ Matthew (2011-01-28). "History of Versace". Fashion in

Versace brand and company profile at Fashion Model

Companies established in 1978

What links here

Cite this page

This page was last modified on 7 June 2015, at 06:17.

Text is available under the Creative Commons Attribution-ShareAlike License;

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