Versace's Teen Niece to Take Over Company

06/15/2004 03:40PM



The fashion world is about to welcome a new empress. When she turns 18 on June 30, Allegra Versace, the niece of slain designer Gianni Versace, will become the most powerful teenager in fashion, reports the Wall Street Journal.

Allegra, daughter of Gianni's sister Donatella Versace, was left a majority 50 percent of her uncle's fashion empire, according to the terms of his last will and testament, after he was killed in 1997. At the time, Allegra was 11, and Gianni was said to have always doted upon her.

Since then, Donatella has become the house's chief designer, though the sister only has a 20 percent stake in the Versace label. The remaining 30 percent was left to brother Santo Versace.

Allegra, unlike her mother, is said to keep a low profile, though she did make an uncommon public appearance at a Milan gala benefit last Thursday, wearing a polka-dot Versace skirt and a dark T-shirt, according to the paper.

A photo of Allegra reveals that she looks a lot like her blonde mom, except she's brunette and less tanned. But she has the same full lips and long, luscious eyelashes.

Allegra is bilingual and is said to be starting college in the U.S. this September, majoring in drama (she took an acting class last year at New York University). "What I like about acting is that you can be a different person every day," she said in a rare interview that she gave to Teen Vogue.

She is not expected to have a managerial position in her uncle's 26-year-old company, which is financially troubled and seeking an infusion of cash, the Journal reports.

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