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Versace
Versace is an Italian fashion label founded by the late Gianni Versace in 1978. It became one of the world's most popular fashion houses before Gianni was murdered in 1997. Gianni's sister, Donatella Versace, has since taken over as... [more]
Versace is an Italian fashion label founded by the late Gianni Versace in 1978. It became one of the world's most popular fashion houses before Gianni was murdered in 1997. Gianni's sister, Donatella Versace, has since taken over as creative director of the brand. Now a profitable lifestyle brand, Versace is known for its unabashed sex appeal.
Dana Thomas details in Newsweek how Versace became a bit of a mess after the death of Gianni. It used to rake in over $1 billion in sales, but now makes less than half of that. Run by the family since its inception, Donatella and Santo were reportedly resistant to changes that might have helped them adapt to new times and new economies. Thomas reiterates previous reports about ex-CEO Giancarlo Di Risio leaving the label abruptly earlier...
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