The Versace empire is a familly business. Until his death, Gianni Versace himself held the position of a director of his company Gianni Versace S.p.A.. His sister Donatella Versace served as vice-president and was also in charge of the Versace distribution concepts. His brother Dottore Santo Versace presides together with his college friend Claudio Luti over the holding company Finanziaria Versace S.p.A. The company was supposed to go public in mid-1998. Therefore, Gianni Versace started to reconstruct to company organisation short before his death in mid-1997. It was planned to offer 25-30% of the company assets at the stock market. Since Versace’s death, the management still holds on to these plans. Gianni Versace used to own 45% of the company assets, 35% santo Versace and 20% Donatella. Since Donatella’s daughter Allegra is the sole heiress of the Gianni’s wealth, Donatella will control the majority of the comapny assets. The company will receive $21.6 million from Gianni Versace’s life-insurance.
↧