Capri Holdings, the parent company of luxury fashion brands Michael Kors and Jimmy Choo, wasted no time in implementing changes to the senior management team at newly acquired Italian luxury label Versace. Since the takeover of Versace in January, the company’s chief financial officer Donatello Galli bid adieu to the company just a month ago after serving since 2017. His departure marked the beginning of a transition period for Versace under new ownership.
Stepping into Galli’s shoes is Nicolas Crespin, a seasoned professional with over a decade of experience in finance and operations with Michael Kors in the EMEA region. Alongside Crespin, Manlio Amorosi has also joined the team as the vice president of real estate and retail development for Versace’s monobrand stores. Amorosi brings a wealth of expertise from his previous roles in London, working with renowned brands such as Coach and those under the Tapestry group.
The acquisition of Versace by Capri Holdings in January for €1.83 billion also led to the appointment of Maxime Monfroy as the new director of European retail development. However, Monfroy recently departed from Versace to join Roberto Cavalli, leaving a gap in Versace’s European retail expansion team. When contacted for comment, Versace chose not to provide any further information on the recent changes in senior executive appointments.
With a fresh management team in place, Versace is embarking on a new journey under the ownership of Capri Holdings. It remains to be seen how these changes will shape the future of the iconic Italian luxury fashion house.
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