ShoppingBlog.com (Free subscription) | 28/10/2009
Bloomberg reports that Gianni Versace SpA is reducing its workforce by 26% - 350 of its 1,360 positions. The cuts by the Italian fashion house are part of its plans to return to profitability in 2011. Versace expects a loss this year and has a "flat" outlook for 2010, it said in a statement today. The company will eliminate about 350 positions worldwide from a total of 1,360. "Trading...
Styledash (Free subscription) | 28/10/2009
Filed under: Style in the News Versace will be laying off 350 workers by mid next year. Photo: Vittorio Zunino Celotto, Getty Images Despite Donatella Versace hosting the Whitney Museum's Studio Party in NYC last week, things are looking grim for the luxury company. Gianni Versace SpA announced today that it will eliminate 350 jobs worldwide in an effort to cut costs, reports the Wall Street Journal...
Second City Style (Free subscription) | 28/10/2009
Because of a loss in 2009 and a flat 2010, 350 workers for Gianni Versace SpA will be let go by the middle of next year. According to WWD, the cuts will be made to increase efficiently and profitability. Gian...
The Independent (Free subscription) | 09/10/2009
(Relaxnews) Designer brand Gianni Versace SpA is withdrawing from the Japanese market, nearly 30 years after bringing its chic to the world's second largest economy.
Luxist (Free subscription) | 08/10/2009
Is Japan losing its luxury appeal? Last year LVMH scrapped plans for a new Vuitton flagship store in Tokyo's Ginza shopping district and now Versace is pulling out completely. Bloomberg reports that Gianni Versace SpA will close its Japanese stores as part of an overall review of the company business strategy. A statement from the company said in part that the Versace boutiques in Japan " no...
ShoppingBlog.com (Free subscription) | 08/10/2009
The Wall Street Journal reports that Gianni Versace SpA is closing its three remaining stores in Japan. In a statement issued Wednesday, the fashion house said it closed its last three stores in Japan, because they "no longer represented the brand image." The statement described the move as part of a broader overhaul of company strategy, adding that Versace wanted "a clean slate"...
Japan Times (Free subscription) | 07/10/2009
Gianni Versace SpA will close its Japanese stores and review its entire business strategy, as demand for luxury goods declines in the world's second-largest economy. "The Versace boutiques in Japan no longer represented the brand image and it was felt to be more advantageous for the company to close them and start with a clean slate," Federico Steiner, an outside spokesman for Versace in...
The Business of Fashion (Free subscription) | 07/10/2009
Versace to Close Japan Stores, Will Review Strategy (Bloomberg) “Gianni Versace SpA will close its Japanese stores and review its entire business strategy, as demand for luxury goods declines in the world’s second-largest economy.” Developing their fashion sense (Globe and Mail) “New York Fashion Week, a semi-annual sea of runways under tents in that city’s Bryant Park,...
Women's Wear Daily (Free subscription) | 16/09/2009
Gianni Versace SpA poached its third executive in four months from rival Jil Sander AG, naming Marc Duhm director of wholesale worldwide for the Versace label.
Styledash (Free subscription) | 11/06/2009
Filed under: Style in the News Fashion house of cards. Photo: Veer Versace SpA and Jil Sander AG have both finalized choices for new CEOs . Gian Giacomo Ferraris, CEO of Jil Sander, will take the reigns at Versace . His replacement will be Jil Sander 's former CFO, Alessandro Cremonesi, WWD reports. While Ferraris is appreciative of former Versace CEO, Giancarlo Di Risio , who spent four years bringing...
Just Style (Free subscription) | 10/06/2009
Jil Sander chief executive Gian Giacomo Ferraris has been appointed as the new CEO of Italian fashion designer Gianni Versace SpA, it has been widely reported.
The Wall Street Journal (Free subscription) | 09/06/2009
Fashion group Gianni Versace SpA appointed Gian Giacomo Ferraris as its new chief executive officer, succeeding Giancarlo Di Risio.
Boston Globe (Free subscription) | 09/06/2009
The Italian fashion house Gianni Versace SpA on Tuesday named a Gian Giacomo Ferraris as its new chief executive, replacing Giancarlo Di Risio who is stepping down over differences about the company's future.
Times of the Internet (Free subscription) | 06/06/2009
ROME, June 6 (UPI) -- The chief executive of Italian fashion house Gianni Versace SpA has resigned, the firm says, after apparently running afoul of designer Donatella Versace. The company announced Friday that Giancarlo Di Risio was leaving in a mutual decision to close their professional relationship, The Wall Street Journal reported. But quoting an unnamed person familiar with the matter, the Journal...
Uptown Girls RSS Feed (Free subscription) | 06/06/2009
The Money Times Versace CEO Di Risio Resigns Wall Street Journal ROME -- Italian fashion house Gianni Versace SpA is seeking new leadership to navigate the global economic downturn, the company said Friday, announcing the resignation of Chief Executive Giancarlo Di Risio. Mr. Di Risio and Versace's board, ... Versace CEO could be out of fashion by Friday The Daily Deal (subscription) Chief Executive...
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