Versace chief executive Emmanuel Gintzburger has officially resigned from his position, effective June 23, as the Italian fashion house enters a significant period of transformation under its new owner, Prada Group.
Gintzburger’s departure comes approximately six months after Prada completed its €1.25 billion acquisition of Versace from Capri Holdings. He had led the luxury label since 2022 and remained in the position during the ownership transition. A successor has not yet been announced.
The leadership change is part of a broader effort to restore growth at Versace following declining revenue and operating losses. Prada Group chief executive Andrea Guerra and Versace executive chairman Lorenzo Bertelli are overseeing a long-term strategy focused on strengthening the brand’s luxury positioning, refining its retail network and reducing its reliance on discounted and off-price sales.
Versace is also preparing for a major creative transition. Former Alaïa creative director Pieter Mulier will officially become the house’s chief creative officer on July 1. Mulier will report directly to Bertelli and is expected to lead the next phase of Versace’s creative and commercial evolution.
Prada Group has said that additional information regarding Versace’s new governance structure will be announced in due course.