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March 22, 2010 1:14 pm
>> Versace Currently on Track For Profitability by 2011—Two months ago, Versace announced it was eliminating 26 percent of its workforce in an effort to regain profitability by 2011.
Would Allegra Beck Sell Her Stake to Help Restore Versace?
February 3, 2010 4:51 pm
>> In 2004, Wall Street Journal's Deborah Ball reports in her just-published book House of Versace, Donatella Versace told her daughter Allegra Versace Beck she has until she is 24 to pursue her dream of becoming an actress.
After Much Turmoil with Donatella, Versace CEO to Resign Friday
June 4, 2009 3:30 pm
>> After weeks of speculation, Versace CEO Giancarlo Di Risio, who has been with the company since 2004, is expected to hand in his resignation at a board meeting on Friday. Despite the fact that Di Risio worked closely with Donatella Versace to make her collections less flashy and returned the house to profit, the company has been under strain from declining sales, and its board recently approved a restructuring plan which effectively sidelines the chief executive.Di Risio is said to have clashed with Donatella on a number of levels — he disagreed with her lavish lifestyle, according to recent articles in the Italian media, and pushed her to simplify her designs so that the house could introduce accessories and clothes with lower prices.
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