Donatella Versace steps down as design chief as sale talk swirls
- Donatella Versace has announced her departure as Creative Director of Versace after 28 years, now taking on the role of Chief Brand Ambassador, emphasizing her ongoing support for the brand.
- Dario Vitale will replace her as Creative Director, effective April 1, bringing experience from Miu Miu.
- CEO Emmanuel Gintzburger recognized Versace's impact, stating, 'Versace is what it is today because of Donatella Versace and the passion she has brought to her role every day for nearly thirty years.'
- The leadership change comes amid speculation of a potential sale of Versace as Capri Holdings seeks to rejuvenate the brand and expand its audience base.
250 Articles
250 Articles
Donatella Versace ousted as creative director amid alleged plans to sell brand to Prada
Donatella Versace has stepped down from her position as Chief Creative Officer of Versace following growing tensions with the company’s CEO, John D. Idol. View this post on Instagram A post shared by Versace (@versace) Sources tell Page Six that the luxury brand’s management, under Capri Holdings, is looking to sell the iconic fashion house to Prada, with Donatella allegedly becoming a scapegoat amid plummeting sale…
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