Donatella Versace has been replaced as creative director of the fashion house founded by her late brother Gianni Versace, assuming the new role of chief brand ambassador, Versace’s U.S. owner Capri Holdings announced on Thursday. Versace will be replaced by Dario Vitale, who most recently was design director at the Miu Miu brand owned by the Prada Group. The creative shift comes amid speculation that the Prada Group is in talks to buy Versace from Capri Holdings, which paid 2 billion euros (currently $2.2 billion) for the fashion house in 2018.
Yahoo! Finance: CPRI News
