Versace Marks New Era with Dario Vitale as Creative Director
Portfolio - People | Mar 13, 2025 | EIN

After 27 years as Versace's creative director, Donatella Versace steps down to become the brand's chief brand ambassador, paving the way for Dario Vitale, a rising star in Milan's fashion scene, to take the helm. This transition marks the first time in Versace's history that the creative direction will be outside the family. Vitale brings his extensive experience from brands like Dsquared2, Bottega Veneta, and most recently, Miu Miu, where he played a vital role in shaping its image and products. This shift in leadership coincides with speculation surrounding Capri Holdings' intent to sell Versace, following the collapse of a proposed merger with Tapestry. Despite the potential upheaval, Donatella remains deeply involved with the brand as its chief brand ambassador, aiming to support its future growth while maintaining its rich heritage. Founded by Gianni Versace in 1978, the house has long been a familial affair, with deep ties between the siblings Gianni, Santo, and Donatella. The brand navigated its way through the tumultuous period following Gianni's murder in 1997, with Donatella playing a pivotal role in sustaining its creative vision. Her leadership saw the brand through financial challenges, personal struggles, and a renewed cultural significance in the 2010s. Her legacy now stands as an icon for innovation, empowerment, and resilience in fashion.
Sectors
- Luxury Fashion
- Mergers and Acquisitions (M&A)
Geography
- Italy – Versace is an iconic Italian fashion brand, and the newly appointed creative director, Dario Vitale, is a prominent figure in the Milan fashion scene.
- United States – Capri Holdings, an American company, currently owns Versace, and its strategic decisions impact the future of the brand.
Industry
- Luxury Fashion – The article primarily deals with Versace, a leading brand in the luxury fashion industry, and Dario Vitale's appointment as creative director.
- Mergers and Acquisitions (M&A) – The article discusses the potential sale of Versace by its parent company, Capri Holdings, hinting at significant M&A activity in the luxury sector.
Financials
- 1.83 billion – The acquisition amount paid by Capri Holdings for Versace in 2018.
- $807 million – Reported revenues for Versace the year before Gianni Versace's death in 1997.
Participants
Name | Role | Type | Description |
---|---|---|---|
Donatella Versace | Former Creative Director / Chief Brand Ambassador | Person | Donatella Versace has been the creative force behind Versace for 27 years and will continue as the brand's chief brand ambassador. |
Dario Vitale | Chief Creative Officer | Person | Dario Vitale is the newly appointed chief creative officer of Versace, previously recognized for his innovative work at Miu Miu. |
Capri Holdings | Owner of Versace | Company | Capri Holdings is the U.S.-based owner of Versace, Michael Kors, and Jimmy Choo, and is reportedly considering selling Versace. |
Gianni Versace | Founder | Person | Gianni Versace was the founder of the Versace brand and an iconic fashion designer whose legacy continues to influence the brand. |
Prada Group | Potential Buyer | Company | Prada Group is speculated to be an interested party in acquiring Versace. |