Donatella Versace was born in 1955 and is a famous Italian designer and the current owner of the Versace fashion line , which she inherited from her brother Gianni Versace after he was murdered . Her daughter , Allegra Versace , also owns 50 % of the company . While the Versace Group is not as financially robust as it was in its earlier and peak stages , the Versace Group has publicly made clear that Donatella and Allegra Versace will hopefully bring a new face and attraction to the Versace label .