The rumour mill is in meltdown with the news that Giancarlo di Risio, chief executive of Versace since 2004, is expected to resign.
Di Risio, who was once the CEO of Fendi, is strongly credited with bolstering Versace’s finances and turning the company around. But it seems that not everyone loves him – the Italian media has told of his repeated clashes with one of the company’s head honchos, creative director Donatella Versace. Last week, Versace refused to comment on the recent resignation rumours. But on 25 May, they stated there was no friction between Di Risio and Donatella on the “necessary policy of cutting costs.”Read more about the Di Risio rumours here.