At Gucci, Personal Vision, Business Opportunities at Crossroads
Observers and analysts weigh in on Alessandro Michele's sudden exit from the Italian luxury company, as other changes may be brewing within and outside Gucci.
By
LUISA ZARGANI
NOVEMBER 28, 2022, 12:01AM
MILAN — The dust has settled on the news of Alessandro Michele’s sudden exit from Gucci — and his parting thoughts are telling.
I cut out the body of the article to focus on Donatella and the contract at Versace, but the full article can be found on
this thread.
The change in the top creative role at Gucci comes as many storied brands in Italy, from Ferragamo and Bally to Missoni, unveiled for spring the first designs by their new creative directors.
Speculation is rife here that Donatella Versace is in talks to renegotiate her contract with Versace’s parent Capri Holdings Ltd., but that Riccardo Tisci, who exited Burberry in September, could be once again considered to succeed her. Tisci was reportedly headed to Versace in 2017 but the match failed to materialize following disagreements between the two designers. At the time, however, the majority of Versace was still owned by the namesake family.