Tuesday, 9 June 2009

Versace’s ‘Saviour’ Expected To Jump Ship – 5/6/09

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.

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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, www.moluxury.com.au