Editing Versace (section)

===Donatella Versace, 1997–2025===
After the murder of Gianni Versace in 1997, his sister Donatella, formerly vice-president, took over as creative director, and his older brother [[Santo Versace]] became CEO.<ref>{{cite news |url=http://news.bbc.co.uk/onthisday/hi/dates/stories/july/15/newsid_2503000/2503757.stm |title=1997: Versace murdered on his doorstep |publisher=BBC News |date=15 July 1997 |access-date=2014-08-14 |archive-date=11 May 2020 |archive-url=https://web.archive.org/web/20200511004945/http://news.bbc.co.uk/onthisday/hi/dates/stories/july/15/newsid_2503000/2503757.stm |url-status=live }}</ref> Donatella's daughter [[Allegra Versace]] was left a 50 percent stake in the company, which she assumed control of on her eighteenth birthday.<ref name="nytimes">{{cite news |first=Cathy |last=Horyn |url=https://www.nytimes.com/2004/06/15/nyregion/a-new-half-owner-for-versace-and-she-s-almost-18.html |title=A New Half-Owner for Versace, and She's Almost 18 |work=[[The New York Times]] |date=15 June 2004 |access-date=2014-08-14 |archive-date=18 October 2020 |archive-url=https://web.archive.org/web/20201018023007/https://www.nytimes.com/2004/06/15/nyregion/a-new-half-owner-for-versace-and-she-s-almost-18.html |url-status=live }}</ref><ref>{{cite web |url=http://www.smh.com.au/articles/2004/07/01/1088488097542.html?from=storyrhs |title=Versace niece's $700m birthday gift |work=[[Sydney Morning Herald]] |date=2 July 2004 |access-date=2014-08-14 |archive-date=6 September 2014 |archive-url=https://web.archive.org/web/20140906222045/http://www.smh.com.au/articles/2004/07/01/1088488097542.html?from=storyrhs |url-status=live }}</ref><ref>{{cite web |url=http://www.contactmusic.com/new/xmlfeed.nsf/mndwebpages/allegra%20inherits%20versace.s%20fortune |title=Allegra Inherits Versace's Fortune |publisher=[[Contactmusic.com]] |work=[[World Entertainment News Network|WENN]] |date=30 June 2004 |access-date=2014-08-15 |archive-date=16 April 2009 |archive-url=https://web.archive.org/web/20090416234346/http://www.contactmusic.com/new/xmlfeed.nsf/mndwebpages/allegra%20inherits%20versace.s%20fortune |url-status=live }}</ref>

In 2000 the [[Green Versace dress of Jennifer Lopez|green Versace dress]] worn by [[Jennifer Lopez]] at the [[42nd Annual Grammy Awards|Grammy Awards]] gained extensive media attention. The dress was voted the fifth most iconic dress of all time and Elizabeth Hurley's [[Black Versace dress of Elizabeth Hurley|black Versace dress]] was voted most iconic dress of all time, according to a 2008 ''[[Daily Telegraph]]'' poll.<ref name="telegraph1" />

In 2000 Versace began its effort to take control of all aspects of producing and selling its merchandise.<ref>Leslie Kaufman and Andrew Ross Sorkin (16 April 2002), [https://www.nytimes.com/2002/04/16/business/versace-family-seeks-partners-to-regain-control-of-stores.html Versace Family Seeks Partners to Regain Control of Stores] {{Webarchive|url=https://web.archive.org/web/20240313225034/https://www.nytimes.com/2002/04/16/business/versace-family-seeks-partners-to-regain-control-of-stores.html |date=13 March 2024 }} ''[[New York Times]]''.</ref> With the company's profits in decline in the early 2000s,<ref name="nytimes" /><ref>{{cite web |first=Hadley |last=Freeman |url=https://www.theguardian.com/world/2004/oct/04/fashion.italy |title=Versace struggles to regain its touch |work=[[The Guardian]] |date=4 October 2004 |access-date=2014-08-14 |archive-date=6 November 2018 |archive-url=https://web.archive.org/web/20181106184733/https://www.theguardian.com/world/2004/oct/04/fashion.italy |url-status=live }}</ref> [[Fabio Massimo Cacciatori]] was hired as interim CEO to reorganise and restructure Versace Group in 2003.<ref name="designtaxi">{{cite web |author=Valerie |url=http://designtaxi.com/news/139/Fabio-Massimo-Cacciatori-quits-Versace-CEO/?interstital_shown=1 |title=Fabio Massimo Cacciatori quits Versace CEO |publisher=DesignTAXI.com |date=18 December 2003 |access-date=2014-08-14 |archive-date=23 April 2019 |archive-url=https://web.archive.org/web/20190423034143/https://designtaxi.com/news/139/Fabio-Massimo-Cacciatori-quits-Versace-CEO/?interstital_shown=1 |url-status=live }}</ref> Cacciatori resigned in December 2003 due to "disputes with the Versace family".<ref name="designtaxi" /> In 2004, Giancarlo di Risio from IT Holding became CEO, until he resigned in 2009 due to disagreements with Donatella.<ref>{{cite web|url=http://www.highbeam.com/doc/1G1-121351723.html |archive-url=https://web.archive.org/web/20140921122358/http://www.highbeam.com/doc/1G1-121351723.html |url-status=dead |archive-date=21 September 2014 |title=Versace Names Di Risio as Ceo and Strengthens Board |publisher=[[HighBeam Research]] |work=[[Women's Wear Daily]] |date=27 August 2004 |access-date=2014-08-14}}</ref><ref>{{cite web |last=Meichtry |first=Stacy |url=https://online.wsj.com/news/articles/SB124424386979190431 |title=Versace CEO Di Risio Resigns |work=[[Wall Street Journal]] |date=6 June 2009 |access-date=2014-08-14 |archive-date=26 July 2024 |archive-url=https://web.archive.org/web/20240726201441/https://www.wsj.com/articles/SB124424386979190431 |url-status=live }}</ref><ref>{{cite web |last=Meichtry |first=Stacy |url=https://online.wsj.com/news/articles/SB124290568243542989 |title=Bucked by Designer, Versace CEO Eyes Exit |work=[[Wall Street Journal]] |date=22 May 2009 |access-date=2014-08-14 |archive-date=26 July 2024 |archive-url=https://web.archive.org/web/20240726201427/https://www.wsj.com/articles/SB124290568243542989 |url-status=live }}</ref> In May 2016, the Versace Group appointed Jonathan Akeroyd as CEO and board member.<ref>{{Cite web|url=https://www.versace.com/us/en-us/about-us/company-profile.html|title=Company Profile {{!}} Versace US|website=Versace|language=en|access-date=2019-03-14|archive-date=3 December 2020|archive-url=https://web.archive.org/web/20201203005509/https://www.versace.com/us/en-us/about-us/company-profile.html|url-status=live}}</ref>

In February 2014 [[The Blackstone Group]] purchased a 20 percent stake in Versace for {{€|210&nbsp;million|link=yes}}.<ref>{{cite news |last=Binnie |first=Isla |url=https://www.reuters.com/article/us-versace-blackstone-idUSBREA1Q0KE20140227 |title=Fashion house Versace sells stake to Blackstone to fund growth |work=Reuters |date=27 February 2014 |access-date=2014-08-14 |archive-date=18 November 2015 |archive-url=https://web.archive.org/web/20151118051044/http://www.reuters.com/article/2014/02/27/us-versace-blackstone-idUSBREA1Q0KE20140227 |url-status=live }}</ref><ref name="wwdBlackstone">{{cite web |url=http://www.wwd.com/business-news/financial/versace-sells-minority-stake-to-blackstone-7516741?src=n/newsAlert/20140227-1 |title=Versace Sells Minority Stake to Blackstone |date=27 February 2014 |access-date=27 February 2014 |last=Binnie |first=Isla |archive-date=9 April 2014 |archive-url=https://web.archive.org/web/20140409124211/http://www.wwd.com/business-news/financial/versace-sells-minority-stake-to-blackstone-7516741?src=n%2FnewsAlert%2F20140227-1 |url-status=live }}</ref><ref>{{cite web |last=Mesco |first=Manuela |url=https://online.wsj.com/news/articles/SB10001424052702304709904579408542652711148 |title=Versace Sells Minority Stake to Blackstone |work=[[Wall Street Journal]] |date=27 February 2014 |access-date=2014-08-14 |archive-date=14 September 2014 |archive-url=https://web.archive.org/web/20140914062237/http://online.wsj.com/news/articles/SB10001424052702304709904579408542652711148 |url-status=live }}</ref>

In September 2018 [[Michael Kors]] offered to buy Versace for two billion euros.<ref>{{Cite news|url=https://www.wsj.com/articles/michael-kors-near-deal-to-buy-versace-for-around-2-35-billion-1537790108|title=Michael Kors Woos Versace in Push for Foothold in High Fashion|last1=Dalton|first1=Matthew|date=24 September 2018|work=[[The Wall Street Journal]]|access-date=2018-09-25|last2=Kapner|first2=Suzanne|language=en-US|issn=0099-9660|archive-date=9 November 2020|archive-url=https://web.archive.org/web/20201109040757/https://www.wsj.com/articles/michael-kors-near-deal-to-buy-versace-for-around-2-35-billion-1537790108|url-status=live}}</ref> Versace announced all Blackstone and Versace family shares were sold to Michael Kors Limited.<ref name="versace.com">{{Cite web|url=https://www.versace.com/gb/en-gb/about-us/company-profile.html|title=Versace Company Profile {{!}} UK Online Store|website=Versace|language=en|access-date=2019-03-14|archive-date=17 October 2020|archive-url=https://web.archive.org/web/20201017234023/https://www.versace.com/gb/en-gb/about-us/company-profile.html|url-status=live}}</ref> The acquisition was completed in December 2018, with [[Donatella Versace]] remaining head of creative design.<ref>{{Cite web |url=http://www.capriholdings.com/news-releases/news-releases-details/2018/Capri-Holdings-Limited-Completes-Acquisition-of-Versace/default.aspx |title=Capri Holdings press release |access-date=12 February 2019 |archive-date=13 December 2020 |archive-url=https://web.archive.org/web/20201213124759/http://www.capriholdings.com/news-releases/news-releases-details/2018/Capri-Holdings-Limited-Completes-Acquisition-of-Versace/default.aspx |url-status=live }}</ref> In January 2019, Gianni Versace S.r.l. joined [[Capri Holdings]], forming a new global fashion luxury group alongside Michael Kors and [[Jimmy Choo (fashion house)|Jimmy Choo]].<ref name="versace.com" /><ref>{{Cite web |date=25 September 2018 |title=Michael Kors Buys Fashion Label Versace for $2.2 Billion |url=https://www.bloomberg.com/news/articles/2018-09-25/michael-kors-buys-high-fashion-label-versace-for-2-2-billion |access-date=2020-08-06 |website=Bloomberg.com |archive-date=9 November 2020 |archive-url=https://web.archive.org/web/20201109022209/https://www.bloomberg.com/news/articles/2018-09-25/michael-kors-buys-high-fashion-label-versace-for-2-2-billion |url-status=live }}</ref>

In 2018 Versace stopped using fur in its products and in 2020 announced it would stop using kangaroo leather.<ref>Jack Dutton, "[https://www.thenational.ae/lifestyle/fashion/versace-bans-kangaroo-skin-following-pressure-from-activists-1.965247 Versace bans kangaroo skin following pressure from activists] {{Webarchive|url=https://web.archive.org/web/20200925143507/https://www.thenational.ae/lifestyle/fashion/versace-bans-kangaroo-skin-following-pressure-from-activists-1.965247 |date=25 September 2020 }}," ''The National'' 16 January 2020.</ref> In October 2018, Versace announced its first Pre-Fall season show in New York, scheduled on Gianni Versace's 2 December birthdate.<ref>{{cite web |date=14 October 2018 |title=Versace To Host First Pre-Fall Show In New York |url=https://www.vogue.co.uk/article/versace-pre-fall-fashion-show-new-york |access-date=14 October 2018 |archive-date=18 September 2020 |archive-url=https://web.archive.org/web/20200918114136/https://www.vogue.co.uk/article/versace-pre-fall-fashion-show-new-york |url-status=live }}</ref> In 2021, Versace opened its first [[SoHo, Manhattan|SoHo, New York]] boutique.<ref>{{Cite web|last=Turra|first=Alessandra|date=26 July 2021|title=Versace Makes Retail Push in the U.S.|url=https://wwd.com/business-news/retail/versace-makes-retail-push-in-the-u-s-1234887431/|access-date=2021-08-09|website=WWD|language=en-US|archive-date=9 August 2021|archive-url=https://web.archive.org/web/20210809085054/https://wwd.com/business-news/retail/versace-makes-retail-push-in-the-u-s-1234887431/|url-status=live}}</ref>