| Type | Private |
|---|---|
| Industry | Consumer Goods |
| Founded | 1978 |
| Headquarters | Milan, Italy |
| Key people | Gianni Versace, Founder Santo Versace, Chairman &Co-CEO Gian Giacomo Ferraris, Director& Co-CEO Donatella Versace, Artistic Director |
| Products | Textile - Apparel [1] |
| Revenue |  € 340.2 million (2011) |
| Employees | 422 |
| Website | versace.com |
The first Versace boutique was opened in Milan's Via della Spiga in 1978, (though the Versace family are from Reggio Calabria) and its popularity was immediate. Today, Versace is one of the world's leading international fashion houses. Versace designs, markets, and distributes luxury clothing, accessories, makeup, and home furnishings under the various brands of the Versace Group. In 1994, the brand became a household name after the widespread coverage of the Black Versace dress of Elizabeth Hurley.[1]
Gianni Versace was killed by Andrew Cunanan on July 15,1997[2]. His sister Donatella Versace, formerly vice-president, then stepped in as creative director of Versace and his older brother Santo Versace became CEO. Donatella's daughter Allegra Versace also owns 50 percent of the company since 2004 as wished by Gianni in his last will. Allegra also has the last say of the sale and other important details in the Versace clothing line.[3]
Versace's Style Department employs a group of designers and stylists who work in teams. Each team is specifically dedicated to each fashion line or label. These teams operate under the close supervision and guidance of Donatella Versace.
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