Companies

Capri Holdings supports creation of the Versace Foundation

Jun 7, 2022 United Kingdom

The company has guaranteed 10 million US dollars for the new foundation. The aim of the initiative is to support equality, wellness and safety for the LGBTQIA+ community

London-based Capri Holdings announced the creation of The Versace Foundation in connection with Pride month 2022. The company has pledged 10 million US dollars to hold up the foundation’s mission of fostering, promoting and supporting programs, projects and activities designed to generate awareness of and support for the LGBTQIA+ community.

The foundation will engage with philanthropic organizations and community groups to support the preservation of LGBTQIA+ history and culture as well as to promote the advancement of equality, wellness and safety for the LGBTQIA+ people.

Donatella Versace, Chief Creative Officer of the Versace brand commented: “I’m proud that Versace has always been known for its inclusivity. I am excited for the support and assistance The Versace Foundation will bring to the LGBTQIA+ community.”

“We are pleased to announce the creation of The Versace Foundation,” said John D. Idol, Chairman and Chief Executive Officer of Capri Holdings, concluding; “We all have a right to be accepted, to be loved and to be our most authentic selves. The Versace Foundation enables us to further our pursuit of LGBTQIA+ equity, wellness and safety, as well as to continue to be an ally for LGBTQIA+ individuals.”

Image credits: www.versace.com

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