Donatella Versace Bids Farewell as Creative Director, Paves Way for New Leadership at Versace

After nearly three decades, Donatella Versace steps down as Creative Director of Versace, handing over the reins to Dario Vitale of Miu Miu. This transition is aligned with the potential sale of the Italian fashion house to Prada group by its current owner, Capri Holdings. The sale, nearing a deal worth €1.5 billion, represents a significant shift in the luxury fashion landscape, with Donatella continuing as Chief Brand Ambassador. This move reflects broader industry trends where major fashion houses are reshuffling creative leadership amidst a challenging economic environment.

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