Showing posts with label Santo Versace. Show all posts
Showing posts with label Santo Versace. Show all posts

30 June 2017

Allegra Versace – heiress

‘Favourite niece’ who inherited Gianni fortune

Allegra Versace at a show in Milan with her mother, Donatella
Allegra Versace at a show in Milan
with her mother, Donatella
The heiress Allegra Versace, owner of half the Versace fashion empire, was born on this day in 1986 in Milan.

The daughter of Donatella Versace, the company’s chief designer and vice-president, she was the favourite niece of Gianni Versace, who founded the fashion house in 1978.

When Gianni was shot dead outside his mansion in Miami in July 1997, Allegra was just 11 years old but could look forward to becoming immensely rich after it was announced that her uncle had willed his share of the business, amounting to 50 per cent, when she reached her 18th birthday.

By the most recent valuation of the Versace group, this means Allegra – now 30 – has a personal fortune worth $800 million. The remainder of the empire is owned by her mother, who has 20 per cent, and Gianni’s older brother, Santo Versace, who has 30 per cent.

Yet the promise of wealth and privilege did not bring her happiness as a young woman.  The daughter of Paul Beck, a former Versace model to whom Donatella was briefly married, Allegra enjoyed a contented childhood in which she read books and played the piano given to her as a gift by Sir Elton John, a family friend, but her world was shattered when her uncle was killed.

A regular visitor to his home in Miami, she reportedly found out about his death watching a television news bulletin before her mother had a chance to break the news to her.  She is said to have been inconsolable at the funeral and though her mother sought counselling for her it did not stop Allegra sliding towards depression.

Donatella Versace 
By the time she reached adulthood and the riches she had been promised became real, she had become almost reclusive, rejecting the family name and, after studying French and art history at the University of California in Los Angeles, attempting to live in anonymity in New York, where she worked as a theatre dresser.

She developed anorexia nervosa, telling friends that she wished she were not a Versace, that she wanted to be no one, but that she could not escape.

It took until 2011 for Donatella to persuade her daughter to return to Italy and take up the role her uncle wanted her to fulfil, as a Versace director, although she still shuns the spotlight and has spent time working with a designer friend from outside the company, helping to organise shows and publicity without ever taking centre stage herself.

The Villa Fontanelle on Lake Como
Travel tip:

Gianni Versace’s homes included the Villa Le Fontanelle, a stunning waterfront property on Lake Como, where Allegra often visited him while he was in Italy. The grounds were designed by the art historian and landscape architect Sir Roy Strong and inside were a collection of 18th century paintings, red marble baths and a crystal chandelier that once hung in the Russian imperial palace in St Petersburg.  As well as 50 per cent of the company, the house was bequeathed to Allegra in Gianni’s will.

Travel tip:

The headquarters of the Versace empire in Milan is the Palazzo Versace in Via Gesù, which adjoins the five-star Four Seasons Hotel and stretches from the main entrance at No 10 towards Via della Spiga.  Via Gesù is off Via Montenapoleone, which is generally recognised as the centre of the Italian high fashion district of Milan, with virtually every top name having a presence there.  The Versace shop is at No 11.

16 December 2016

Santo Versace - businessman and politician

Entrepreneurial brain behind Versace fashion empire

Santo Versace's business skills lay behind the brand's success
Santo Versace's business skills lay
behind the brand's success
Santo Versace, sometime politician and the business brain behind Italy's world famous luxury fashion label, was born on this day in 1944 in Reggio Calabria.

Along with his brother and sister, Gianni and Donatella, Santo grew up in Italy's southernmost major city, which is situated right on the "toe" of the Italian peninsula and separated from the island of Sicily by barely 10km of the Strait of Messina.

Unlike his younger siblings, who were inspired by their mother, Francesca, a dressmaker who owned a small clothes shop, to become designers, Santo took after their father, Antonio, a coal merchant who in time became an interior decorator, in wishing to become a business entrepreneur.

He helped his father hump sacks of coal while still a child and learned the basics of running a business as a teenager before attending the University of Messina, from which he graduated in 1968 with a degree in economics.

At first, Santo worked in banking for Credito Italiano in Reggio Calabria before switching to teaching economics and geography to high school students. In 1972, after completing his military service, he set up as an accountant and management consultant in Reggio Calabria.

By this time, Gianni and Donatella were beginning to attract attention in the fashion world and when Gianni was invited to work in Milan in the mid-70s, Santo decided to follow him and base himself in the northern city.

Versace's current flagship Milan store is in the prestigious Via Monte Napoleone
Versace's current flagship Milan store is in the
prestigious Via Monte Napoleone
It was he who encouraged Gianni to turn his talent into a business and the company Gianna Versace Donna was launched in 1977, opening their first Milan boutique in Via della Spiga the following year.

Santo was chief executive officer from the outset, a position he retained until 2004.  While his siblings concentrated on design, he brought his business skills to bear in the areas of communication, organization, productivity, and quality. He oversaw sales, distribution, production and finance and gained a reputation as one of the fashion industry's most able and well-respected business people.

His first involvement in politics was at a fashion industry level. In 1992, he co-founded the Association of Italian High-Quality Enterprises and from 1998 to 1999 was president of the National Chamber for Italian Fashion, which aims to support and the develop Italian fashion.  Even beyond his own business, he would always support initiatives to promote Italian brands.

Santo's personality and skill as a speaker did not go unnoticed and he was invited by former prime minister Silvio Berlusconi to run for office in 2008 as a member of Berlusconi's new party, Il Popolo della Libertà - The People of Freedom.  He was elected to the Chamber of Deputies as member for Calabria and Berlusconi won a second term in office after forming a coalition with the Lega Nord and the Sicilian Movement for Autonomy.

However, it was an uneasy alliance. Friends considered Santo too left of centre to sit comfortably in a Berlusconi government and he quit the party in 2011 over the coalition's decision to back a mafia-tainted cabinet minister, describing his decision as "my present for Berlusconi” in a reference to the media tycoon's upcoming 75th birthday.

Donatella and Gianni Versace pictured in around 1990
Donatella and Gianni Versace pictured
in around 1990
He initially joined the Allianza per la Libertà Nationale and subsequently aligned himself with Stop the Decline, a small party formed by a group of economists with the aim of cutting Italy's national debt by 20 per cent within five years.  Since 2012, he has been part of the Gruppo Misto, a group that comprises politicians of no party affiliation.

Divorced from his first wife, Cristiana, Santo is now married to Francesca De Stefano, a lawyer.  Francesca Versace, one of his children from his first marriage, is a fashion designer herself, based in London.

Santo, of course, has known tragedy in his private life.  The murder of Gianni Versace in Miami Beach in 1997 left him with only one surviving sibling from a family of four children, his older sister, known as Tina, having died when he was a child from complications relating to a tetanus infection.

Away from fashion and politics, he has been a financial supporter of Viola Reggio Calabria Basketball, and has been chairman of Operation Smile Italy Onlus, an association of doctors and volunteers which deals with children with facial deformities in 70 countries around the world.

A sweeping waterfront is a feature of modern day Reggio  Calabria, which had to be rebuilt after the 1908 earthquake
A sweeping waterfront is a feature of modern day Reggio
 Calabria, which had to be rebuilt after the 1908 earthquake
Travel tip:

For a port city with a population of 200,000 people in a metropolitan area of more than half a million residents, Reggio Calabria is a surprisingly elegant and pleasant place to visit, its attractiveness owing much to the careful rebuilding programme undergone after a devastating earthquake in 1908, which destroyed most of its historical centre and inflicted similarly catastrophic damage on Messina, across the water in Sicily. Such remains as were salvageable, including many of Greek origin, are preserved in some impressive museums. The rebuilt city featured many Liberty style buildings and the seafront is particularly panoramic.

Hotels in Reggio Calabria from

Travel tip:

The Via della Spiga, where the first Versace shop opened in 1977, is one of Milan's top shopping streets, forming the north-east boundary of the city's fashion quarter, of which Via Manzoni, Via Monte Napoleone and Corso Venezia form the other borders.  It is one of Milan city centre's few streets restricted to pedestrians only.  Details of the stores with premises on Via della Spiga can be found at the Amici Di Via della Spiga website.

Hotels in Milan from Expedia

More reading:

How former army medic Giorgio Armani became a fashion icon

Short life and tragic death of Gianni Versace

How horses inspired the world's most coveted shoes and handbags

Also on this day:

1945: The death of Fiat founder Giovanni Agnelli

(Picture credits: Versace shop by Bahar via Wikimedia Commons)