Versace

The first Versace boutique was opened in Milan’s Via della Spiga in 1978.[3][4] In 1994, the brand gained widespread international coverage due to the “Black Versace dress of Elizabeth Hurley”, referred to at the time as “that dress”.[5][6][7]

After the death of Gianni Versace in 1997 his sister Donatella Versace, formerly vice-president, took over as creative director and his older brother Santo Versace became CEO. Donatella’s daughter Allegra Versace was left a 50 percent stake in the company, which she assumed control of on her eighteenth birthday.

In February 2014 The Blackstone Group purchased a 20 percent stake in Versace for €210 million.

As of August 2013, more than 80 boutiques operate worldwide; the first boutique outside of Italy was opened in Glasgow, Scotland in 1991.