The revenue of the Italian luxury brand Versace has increased substantially since the company was acquired by Capri Holdings in late 2018. In the financial year 2024, Versace generated a revenue of over one billion U.S. dollars.
Worldwide recognition
Founded in 1978 in Milan, Gianni Versace is one of the leading international fashion design houses. The company manufactures, distributes and retails fashion and lifestyle products including high-end clothing, accessories, jewelry, eyewear, fragrances, and home furnishings. The brand Versace is one of the symbols of Italian luxury worldwide and, thanks to a strong marketing strategy and a very recognizable style, the company ranks among the most followed luxury brands on Instagram, Facebook and Twitter .
Italian brands, foreign ownership
Due to unfavorable economic conditions in Italy, Versace is one among several Italian brands that was acquired by larger international groups. In 2018, Versace announced that it was acquired by the Group Michael Kors Limited (later renamed Capri Holdings Limited) forming a global fashion luxury group together with the brands Michael Kors and Jimmy Choo.
Revenue of Versace worldwide from 2019 to 2024
(in million U.S. dollars)
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Capri Holdings Limited. (May 29, 2024). Revenue of Versace worldwide from 2019 to 2024 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/708208/turnover-of-italian-fashion-company-gianni-versace/
Capri Holdings Limited. "Revenue of Versace worldwide from 2019 to 2024 (in million U.S. dollars)." Chart. May 29, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/708208/turnover-of-italian-fashion-company-gianni-versace/
Capri Holdings Limited. (2024). Revenue of Versace worldwide from 2019 to 2024 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/708208/turnover-of-italian-fashion-company-gianni-versace/
Capri Holdings Limited. "Revenue of Versace Worldwide from 2019 to 2024 (in Million U.S. Dollars)." Statista, Statista Inc., 29 May 2024, https://www.statista.com/statistics/708208/turnover-of-italian-fashion-company-gianni-versace/
Capri Holdings Limited, Revenue of Versace worldwide from 2019 to 2024 (in million U.S. dollars) Statista, https://www.statista.com/statistics/708208/turnover-of-italian-fashion-company-gianni-versace/ (last visited November 21, 2024)
Revenue of Versace worldwide from 2019 to 2024 (in million U.S. dollars) [Graph], Capri Holdings Limited, May 29, 2024. [Online]. Available: https://www.statista.com/statistics/708208/turnover-of-italian-fashion-company-gianni-versace/
