Versace Profits - FourWeekMBA (2024)

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What is the profit margin for Versace? ›

Versace Fourth Quarter Fiscal 2024 Results

Versace's global database increased by 1.9 million new consumers, representing 30% growth over the last year. Versace operating income was $1 million and operating margin was 0.4% compared to an operating income of $14 million and operating margin of 5.1% in the prior year.

Versace's revenue is $1.8 billion.

Versace's annual revenue is $1.8B. Zippia's data science team found the following key financial metrics about Versace after extensive research and analysis. Versace peak revenue was $1.8B in 2023. Versace has 1,500 employees, and the revenue per employee ratio is $1,214,329.

In 2018, Michael Kors acquired the Italian label for more than $2bn following decades of ownership by the Versace family. At that point, Michael Kors shifted Versace and shoemaker Jimmy Choo, which it bought in 2017, under a new company called Capri Holdings.

By buying Versace for US$2.1 billion, Michael Kors is spending a significant amount of money precisely to grow the group – now renamed Capri Holdings – around its own brand. In 2017, it also acquired Jimmy Choo, the prestigious British shoemaker, for €1 billion.

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

In the financial year 2023, Versace generated a revenue of over one billion U.S. dollars. Founded in 1978 in Milan, Gianni Versace is one of the leading international fashion design houses.

On her 18th birthday, she received 50% ownership of Gianni Versace S.p.A. Allegra's uncle Santo Versace already owned 30% of the fashion empire, and her mother already owned 20%, but due to a long-standing disagreement between the two, the remaining 50% of the Versace empire was bequeathed by Gianni to Allegra.

Gucci's brand is ranked #52 in the list of Global Top 100 Brands, as rated by customers of Gucci. Versace's brand is ranked #64 in the list of Global Top 100 Brands, as rated by customers of Versace.

WWD talked to the designer Tuesday, just after Michael Kors Holdings agreed to buy Versace for $2.1 billion.

CAPRI HOLDINGS is a global fashion luxury group consisting of iconic, founder-led brands Versace, Jimmy Choo and Michael Kors.

When did Michael Kors buy Versace? ›

Following the September 2018 announcement of luxury group Michal Kors Holdings acquiring the Versace fashion house for a sum exceeding $2.1 billion, the American conglomerate announces on Monday it has completed the takeover.

Having been at the helm of the Versace empire as artistic director since 1997, Donatella Versace has overseen the growth of the group's luxury clothing lines alongside the expansion into accessories, home furnishings and hotels, creating a luxury lifestyle brand which was forecast to hit $850 million in revenue in 2018 ...

Gucci's recurring operating income totaled €3.3 billion in 2023. The recurring operating margin was 33.1%, as investments in implementing the House's strategy weighed on profitability. In 2023, Yves Saint Laurent's revenue amounted to €3.2 billion, down 4% as reported and down 1% on a comparable basis.

However, a general rule of thumb is that the more expensive a perfume is, the higher the profit margin is, and vice versa. For example, a perfume that costs $100 per bottle may have a profit margin of around 50%, while a perfume that costs $10 per bottle may have a profit margin of around 10%.

Saudi Aramco, Apple, and Microsoft emerged as the most profitable, leading the pack with annual profits of $159.1 billion, $99.8 billion, and $72.7 billion, respectively, according to Business Review.