Turnover of Italian fashion company Gianni Versace 2011-2018

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 508 million euros in the year 2018. Despite the steady increase in turnover during the period considered, the company reported a net loss of approximately 25 million euros in 2018.

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.