Who Owned Versace Before the Capri Holdings Deal
Before the acquisition, Versace was controlled by the Medusa family through its holding company, with Gianni Versace founding the brand in 1978 and his relatives managing the business after his death in 1997. The company remained a private Italian luxury fashion house with global retail and licensing operations, and its ownership structure was closely tied to the Versace family members and select investors, as reported by Forbes and other business outlets. Read more about Versace ownership before the sale.
Key Facts About Pre-Deal Versace
The pre-acquisition Versace group included the Versace family members, with the company known for its bold Baroque-inspired designs and a strong presence in luxury ready-to-wear, accessories, and fragrances. Financial details of the family's earnings were not disclosed publicly, but the brand was widely recognized as one of the leading Italian luxury houses competing with Gucci, Prada, and Burberry.
Capri Holdings Acquisition and the Transition of Ownership
In September 2018, Capri Holdings Limited, then known as Capri Holdings, completed the acquisition of Versace for approximately 2.15 billion dollars, creating a new luxury group that also included Jimmy Choo and Michael Kors. The deal was structured as a cash transaction, with the Versace family retaining a symbolic role while Capri Holdings gained control of the brand's intellectual property, global operations, and retail network, as confirmed by official filings and business reports. View the SEC filing related to the Versace acquisition.
Integration Under Capri Holdings
After the acquisition, Capri Holdings integrated Versace into its portfolio, combining it with Michael Kors and Jimmy Choo under a single publicly traded luxury group. The company focused on brand preservation, global distribution, and digital growth, while maintaining Versace's Italian design identity and leveraging Capri's existing infrastructure and capital markets access.
Versace Ownership After the Capri Holdings Acquisition
Today, Versace operates as a brand under Capri Holdings Limited, which is listed on the New York Stock Exchange under the ticker CPRI and remains the controlling entity for Versace's global operations and strategy. The Versace family no longer holds a majority stake, with Capri Holdings managing the brand's creative direction, commercial execution, and long-term growth plans, as reflected in the company's public disclosures and financial reports. Read current Capri Holdings financial data.
Current Structure and Performance
Under Capri Holdings, Versace continues as a distinct luxury brand with its own design team, retail channels, and licensing partnerships, while benefiting from the parent company's scale and public market visibility. The group's financial results are reported consolidated in Capri Holdings' earnings releases, with Versace contributing to overall revenue and brand positioning within the broader luxury segment.