Versace’s CEO Giancarlo di Risio Resigns from Position

Posted on: May 21

After five years in the prestigious position of CEO for Versace, Giancarlo di Risio is leaving. The breaking news has incited talk of clashes between him and the luxury company's family, particularly with Donatella Versace.

Rumors abound that the soon-to-be-former CEO and Donatella disagreed on how to cut costs for the label. It's unclear which side di Risio landed on, but publicly for the company he had this to say earlier this year:

"In Via Montenapoleone or in Via Condotti, you could already buy goods at half price in mid-November," reports Vogue. "This policy is ruining a market which, given that it is at the high end, should be more protected. For me, fans of sales are different to regular buyers," he added.

If you believe what he said, it provides a little insight into the possible argument. Either way, di Risio is out with no news yet on a replacement. The obvious bet is someone who's a little more deferential to the queen bee of Versace. It's just a guess, though.

[Source: Female First]
[Image: Rob Innes/Flickr]