1127 ET - Donatella Versace's slated departure as the creative mastermind behind the Versace brand speaks to broader changes happening across all luxury brands. Versace-owner Capri Holdings said Donatella Versace will step down on April 1 and move into the chief brand ambassador role. As demand for luxury goods has waned since 2022, the companies behind high-priced apparel and accessories are tapping new leaders to reinvigorate the creative vision and interest in their products. Gucci, owned by Kering, in February replaced its creative director, joining a string of other brands including Chanel and Tom Ford to replace their creative heads recently. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
March 13, 2025 11:27 ET (15:27 GMT)
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