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.