After nearly three decades at the helm, Donatella Versace is stepping down as the chief creative officer of the iconic fashion house, Versace. The 69-year-old fashion mogul will transition into a new role as the brand’s chief brand ambassador starting in April 2025.
Her new role will focus on promoting Versace globally and supporting its philanthropic initiatives. Throughout her career, Donatella has expanded the brand into various sectors, including luxury hotels, automobiles, and high-fashion campaigns.
Dario Vitale to Succeed Donatella Versace
Versace’s new creative director will be Dario Vitale, an Italian designer who previously served as the design and image director at Miu Miu, a subsidiary of Prada Group. This strategic transition was announced by Capri Holdings, Versace’s parent company, as part of a long-term succession plan.
Capri Holdings’ chairman and CEO, John D. Idol, praised Donatella’s leadership, stating, “Since 1997, Donatella has led the creative vision for the House of Versace and played an integral role in the company’s global success.”
Donatella also shared a heartfelt message on Instagram, calling her tenure at Versace “the greatest honor of my life” and emphasizing that the brand will always remain close to her heart.
Donatella Versace’s Net Worth
According to Celebrity Net Worth, Donatella Versace has an estimated net worth of $400 million. She played a key role in Versace’s $2.12 billion sale to Michael Kors in 2018, which later became part of Capri Holdings.
In 2019, Donatella purchased Villa Mondadori in Meina, Italy, for approximately $5.6 million. The 15,000-square-foot estate features 50 rooms, including 20 bedrooms and 12 bathrooms, with stunning views of Lake Maggiore.
What’s Next for Versace?
The announcement of Donatella’s departure comes amid reports that Versace and Prada Group are exploring a potential $1.6 billion deal that could merge two of Italy’s most prestigious fashion houses.
As Dario Vitale takes the reins, industry experts anticipate a fresh creative direction for Versace while maintaining its signature opulence and bold aesthetic. Fans and fashion enthusiasts eagerly await the next chapter in the brand’s evolution.
