Capri Holdings said on Thursday Versace brand's chief creative officer, Donatella Versace, will step down and hand over the reins to Italian luxury brand Miu Miu's Dario Vitale.
"Chief Creative Officer Donatella Versace will assume the role of chief brand ambassador effective April 1, 2025," the same day that Vitale will take over, Capri said in a statement.
"It has been the greatest honor of my life to carry on my brother Gianni’s legacy. He was the true genius, but I hope I have some of his spirit and tenacity," said Donatella, who stepped up after Gianni was killed in Miami in 1997.
The move comes amid reports earlier this month that Italy's Prada was moving closer to a deal to buy Versace from Capri after agreeing to a price of $1.6 billion.
(more to come)
"Chief Creative Officer Donatella Versace will assume the role of chief brand ambassador effective April 1, 2025," the same day that Vitale will take over, Capri said in a statement.
"It has been the greatest honor of my life to carry on my brother Gianni’s legacy. He was the true genius, but I hope I have some of his spirit and tenacity," said Donatella, who stepped up after Gianni was killed in Miami in 1997.
The move comes amid reports earlier this month that Italy's Prada was moving closer to a deal to buy Versace from Capri after agreeing to a price of $1.6 billion.
(more to come)
