Versace’s creative director quit after just 8 months, sparking a shakeup. Founded by Gianni Versace in 1978, it’s a top Italian luxury brand.
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 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.