Family Business Since the death of Gianni Versace, the label has remained a family business.
Sadly, however, the brand’s future came to a crucial turning point when Gianni was murdered by spree killer Andrew Cunanan in 1997.
It was Gianni’s younger sister Donatella who didn’t allow Versace to falter.
From her days as her late brother Gianni's 'muse and critic' back in 1993, through to Lady Gaga's inspiration in 2015 (Gaga wrote the song Donatella from her 2013 album Artpop for her), her image is one that has stood the test of time.
Yet she revealed to Harpers Bazaar the pain and worry of that time.
Gianni Versace introduced the world with an iconic fashion line series with her own name labeled on it which is a global fashion statement till today's date.
After a long journey of her career, Donatella became the vice-president of Versace.Yet while Donatella is the undisputed queen of her fashion empire, it is her daughter Allegra, 28, - with model and Versace executive Paul Beck - who holds the power, as when Gianni Versace died he left his shares in the company (50 per cent) to his niece.Donatella and her oldest brother Santo hold the other 50 per cent.Gina Gershon will portray Donatella Versace in Lifetime’s 'House of Versace,' which premieres this Friday, October 5th at 8/7c.But before you tune in, here are some facts that you should know about the blonde beast of fashion.After the graduation from Florence University in the Seventies, Donatella joined Gianni's fledgling fashion company as a fashion designer.