Thursday, 11 June 2009

Ferraris To Take/Share The Reins Of Versace – 10/6/09

It’s official – Gian Giacomo Ferraris is the new CEO of Versace. Although you are probably not too surprised since the MO Down gave you the scoop a couple of days ago (Is Ferraris The Frontrunner For Versace’s Top Job- 8/06/09).

Ferraris – Jil Sander’s chief since 2004 – will take over Versace’s reins in mid July. Meanwhile, tongues are wagging in Milan and around the world as to how Ferraris will deal with the power plays and egos of this family-run business. If you believe the gossip, Giancarlo di Risio’s resignation as Versace’s CEO last week resulted from a clash with creative director Donatella Versace. So let’s hope Ferraris knows what he’s getting himself into. He was rumoured to be unhappy at Jil Sander, but with this new role, he may have jumped out of the frying pan and into the fire…

Read more about this new development at The Financial Times’ article: Versace Appoints A New Chief.

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Who's behind the MO DOWN

Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury,