Gianni Versace: turnover 2011-2017
Turnover of the Italian fashion company Gianni Versace from 2011 to 2017 (in million euros)
The turnover of the Italian luxury brand Gianni Versace has increased twofold over the period surveyed, growing from roughly 214 million euros in 2011 to 431 million euros in the year 2017. Despite the steady increase in turnover during the period considered, the company reported a net loss of approximately 8 million euros in 2017.
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.
Turnover of the Italian fashion company Gianni Versace from 2011 to 2017 (in million euros)
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