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Versace Replaces CEO
As expected by LuxuryBrandNetwork.com readers, Versace announced the replacement of CEO Giancarlo Di Risio. He had clashed in recent weeks with family-member Donatella Versace, who also serves as lead designer. . . . keep reading
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Versace to Follow Consultants' Plan as CEO Pushed Aside
The Versace Board of Directors has approved a restricting plan by an outside strategy consulting firm to help it weather the economic crisis. The plan was developed over the past two months by strategy consulting firm Bain & Co. without the input of CEO Giancarlo Di Risio. . . . keep reading
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Dubai is Battleground for 'Couture Cribs' (12/17)
(Source: TimesOnline.com)
Dubai property developers long used to "one-upping" each other on amenities and location are increasingly partnering with "superstar" designers to differentiate. But by partnering with competing developers, Giorgio Armani, Donatella Versace, Karl Lagerfeld and Fendi are themselves competing in a "celebrity smackdown," says London's TimesOnline.com. . . . keep reading
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Asia Sales to Surpass U.S. in 2009 for Versace
(Source: Reuters)
Versace CEO Giancarlo Di Risio is placing a major bet in Asia for his company's continued success. The geographic mix of the company's 11 new stores this year provides proof: nine are in Asia and two are in Europe. . . . keep reading
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