Donatella Versace – Latest stories from Nourish

a { color: #880000 !important; background: #ffeeee !important; } Latest News from NourishThe Nourish Mission (formerly OneSub)Get answers to today's big questionsWhy is Donatella Versace in the news at the moment?

Donatella Versace is in the news after stepping down as creative director of her family’s fashion empire, ending 28 years at the helm.

Stories involving Donatella Versace

Armani Empire Faces Major Transition

Following Giorgio Armani's death on September 4, 2025, his will directs heirs to sell an initial 15% stake in the fashion empire within 18 months, followed by an additional 30% to 54.9% within five years. Priority buyers include LVMH, L'Oréal, and EssilorLuxottica, or alternatively an IPO. The Armani Foundation and longtime partner Pantaleo Dell’Orco hold majority voting control, ensuring legacy preservation.

Prada Acquires Versace

Prada has completed its acquisition of Versace from Capri Holdings, aiming to revitalize the brand. Lorenzo Bertelli will lead as chairman, with a focus on growth and creative renewal. The deal marks a strategic move to tap into Versace’s untapped potential amid a creative relaunch.

Thames Water Nears Restructuring Deal

Thames Water is negotiating a debt restructuring amid delays, with talks extending into 2026. The company faces potential government control if an agreement with creditors and regulators is not reached soon. Despite recent profits, uncertainty remains over its financial stability and future ownership.