Fashion brands that were formerly owned by families but have been sold.
Fashion brands are labels or names associated with clothing, accessories, and lifestyle products.
In the world of fashion, family legacies have crafted the storylines of celebrated brands. However, the wind of change has led to the sale and acquisition of some once family-owned fashion brands.
Here are some family brands that were sold out:
1. Balenciaga: Founded by Spanish couturier Cristóbal Balenciaga, it was a family-owned brand until Cristóbal retired in 1968. Following his retirement, the company underwent various ownership changes and was eventually sold to the French multinational luxury group LVMH (Moët Hennessy Louis Vuitton).
2. Givenchy: The French luxury fashion brand and perfume house founded by Hubert de Givenchy in 1952 remained family-controlled until 1988. The Givenchy brand was sold to LVMH (Moët Hennessy Louis Vuitton).
3. Versace: An Italian fashion brand founded by Gianni Versace in 1978, it was family-owned until the tragic murder of Gianni in 1997. However, in 2018, the company was sold to the American multinational company Capri Holding Limited.
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