Donatella Versace Steps Down as Creative Chief Amid Acquisition Speculation

Donatella Versace is stepping down as Chief Creative Officer of the Versace brand after nearly 30 years, transitioning to the role of Chief Brand Ambassador effective April 1, 2025. Her successor, Dario Vitale, previously the Design and Image Director at Miu Miu, will take over the creative leadership amid speculation that Prada Group is nearing a deal to acquire Versace from Capri Holdings for approximately 1.5 billion euros. This change is part of a strategic succession plan, as noted by Capri Holdings CEO John D. Idol, who expressed confidence in Vitale's potential to guide the brand's future growth. Donatella reflected on her honor in carrying forward her brother Gianni's legacy and expressed excitement for the brand's evolution under Vitale's vision. As Chief Brand Ambassador, she will focus on promoting Versace's philanthropic efforts while continuing to advocate for the brand's values. The announcement follows a challenging period for Versace, which has faced declining revenues and is under scrutiny for its financial performance.