Capri Holdings said on Thursday Versace brand’s chief creative officer, Donatella Versace, will step down and hand over the reins to Italian luxury brand Miu Miu’s Dario Vitale. The move comes amid reports earlier this month that Italy’s Prada was moving closer to a deal to buy Versace from Capri after agreeing to a price of nearly 1.5 billion euros ($1.6 billion).
Yahoo! Finance: CPRI News
