Versace news and archive

Prada Group reports net revenues of 1.43 billion in the first quarter

Prada Group, which owns the brands Prada, Miu Miu, Church's, Car Shoe, Versace, Marchesi 1824, and Luna Rossa, has achieved positive results in the first quarter of 2026. Net revenues reached 1.43 billion euros, a 14 percent increase year-over-year (YoY) (+3 percent organic). Retail sales amounted to 1.25 billion euros, up 10 percent YoY (+1...

Fashion

Pieter Mulier's vision for Versace to unfold in early 2027

The fashion world now has a date for the highly anticipated evolution of Versace. During a conference call following the release of the Prada Group’s 2025 results, executive chairman Lorenzo Bertelli announced that the brand’s debut collection under new creative director Pieter Mulier will premiere early next year. Mulier, who officially begins...

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Business

Prada Group boosts annual revenue and profit

The Italian fashion group Prada SpA (Prada Group) remained on a growth trajectory in the 2025 financial year, despite difficult market conditions. This was primarily due to the continued appeal of its Miu Miu brand. In addition to the current results, the group also announced its strategic plans on Thursday for the fashion house Versace, which...

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Fashion |Opinion

Pieter Mulier’s arrival at Versace signals a reset for the Italian luxury house

Thursday’s announcement that Pieter Mulier will become chief creative officer of Versace confirms what fashion circles had been whispering for months. The Prada Group and Versace jointly confirmed the appointment, positioning the Belgian designer at the creative helm of one of fashion’s most iconic names as it enters a new chapter under Italian...

People

Pieter Mulier named chief creative officer of Versace

Prada Group and Versace announced today, through a statement, the appointment of Pieter Mulier as chief creative officer, effective from July 1, 2026. The announcement comes days after the Belgian designer revealed his departure from fashion house Alaïa. “His arrival marks the beginning of a new chapter for the brand,” explained the label. In...

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Business|Opinion

What’s next for Alaïa?

When Pieter Mulier presents his final collection for Alaïa this March, it will close one of the quietest yet most effective creative tenures in recent Paris fashion. Quiet not because it lacked impact, quite the opposite, but because it resisted spectacle in favour of consistency, restraint and a deep respect for the house’s codes. After...

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Lorenzo Bertelli (Prada): "thanks to AI, we will finally be able to value people who work with their hands"

Scandicci (Florence, Italy). “Technology and artificial intelligence will give us efficiency and free up time for high value-added work,” stated Lorenzo Bertelli, chief marketing officer and head of corporate social responsibility for the Prada Group, and the future CEO. Bertelli was in Scandicci in November, together with current CEO Andrea...

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Could Pieter Mulier be moving to Versace?

Fashion might still have one last big surprise in store before the year ends. With Versace’s creative director position once again vacant, speculation has been rife – but some believe the mystery could be solved sooner rather than later. According to multiple media outlets, including WWD, Alaïa creative director Pieter Mulier is expected to join...

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Business|Opinion

Dario Vitale’s short tenure ends as Prada resets Versace's creative direction

If fashion’s game of musical chairs has felt unusually frenetic this season, you’re not imagining it. Across the SS26 cycle, designer rotations have at times overshadowed the collections themselves, reflecting an industry where creative tenures are shrinking and corporate restructurings are accelerating. Data shows the average creative director...

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Dario Vitale to exit Versace after a single season

In what might have been one of fashion’s quickest turnarounds, Dario Vitale is exiting Versace less than three months after unveiling his vision for the Italian fashion house. The designer, who was officially announced in March 2025 as Donatella Versace's successor, has left the brand, as reported by Women’s Wear Daily on Thursday. Versace...

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Business

Italy sweatshop probe snares more luxury brands

Italian prosecutors on Thursday named Gucci, Prada, Versace and Yves Saint Laurent as among 13 luxury brands suspected of using subcontractors who exploited migrant workers in Italy, as part of a growing investigation into sweatshop conditions. Milan prosecutor Paolo Storari issued requests for information about alleged abuses by the brands,...

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Capri's post-Versace reset: Michael Kors preps 'modern glamour' revival

Capri Holdings officially offloaded Versace this week, marking a “seminal moment” for a company now seeking to reset and refocus. The US fashion giant has maintained its stance that the divestiture is not a retreat, but a liquidity-backed strategic reboot, positioning Michael Kors as its growth engine. Capri’s outlook post-Versace sale was...