Donatella’s leadership has been instrumental in maintaining Versace’s reputation for bold, glamorous designs. However, Capri’s focus on profitability has led to a shift in direction, including a push for more accessible products and higher price points. The brand's revenues have reportedly declined, prompting discussions of a sale.

Donatella Versace is stepping down as the luxury fashion brand’s Chief Creative Officer after nearly three decades at the helm. The Italian designer will take on a new role as brand ambassador for the fashion house which is owned by Capri Holdings amid speculation it could be sold to Prada.

Donatella Versace will step down as creative director of the luxury fashion house that bears her family name after nearly three decades and make way for Miu Miu designer Dario Vitale.