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  1. #1
    N_Tesla's Avatar
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    Unhappy CEO of Gianni Versace on the way out.

    Giancarlo di Risio, CEO of Gianni Versace since 2004 expected to hand in resignation this week. http://www.nytimes.com/2009/06/05/fa...e.html?_r=1&hp Declining sales were noted in the article. So much for the theory that fashion and fragrance do well or better during a financial downturn.
    Last edited by N_Tesla; 4th June 2009 at 07:53 PM.

  2. #2

    Default Re: CEO of Gianni Versace on the way out.

    Quote Originally Posted by N_Tesla View Post
    Giancarlo di Risio, CEO of Gianni Versace since 2004 expected to hand in resignation this week. http://www.nytimes.com/2009/06/05/fa...e.html?_r=1&hp Declining sales were noted in the article. So much for the theory that fashion and fragrance do well or better during a financial downturn.
    Versace has been suffering a long, drawn out decline since the death of Gianni. Donatella doesn't seem to possess the same magic as her brother.
    Last edited by Kevin Guyer; 4th June 2009 at 08:20 PM.

  3. #3

    Default Re: CEO of Gianni Versace on the way out.

    I agree with Ruggles - the magic is gone from Versace. Versace used to stand for something totally different... flamboyance, opulence, quality.. without being gawdy.

    In the past 5 years or so, maybe more, I think the entire philosophy has changed. This has impacted the fragrances they put out as well. Say what you will about the "Jeans" line, they were certainly unique creations and exciting (dramatic) to say the least. Just my two cents..

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