Italian luxury brand Versace has announced the appointment of Emmanuel Gintzburger as its new CEO, effective from September. Gintzburger, who previously held a position at Alexander McQueen, will be taking over from Jonathan Akeroyd, who recently moved to Burberry. Prior to his time at McQueen, Gintzburger has gained extensive experience at renowned fashion houses such as Louis Vuitton, Sephora, Lanvin, and Saint Laurent.
With the appointment of Gintzburger, Versace’s parent company, Capri Holdings Limited, aims to drive the brand’s development through strategic initiatives. This move comes as Versace recently reported a significant growth in revenue, with a 29% increase reaching $251 million in the third quarter of its fiscal year. The brand has been focusing on strengthening its Accessories and Shoes categories, as well as leveraging increased e-commerce sales and expanding its distribution network.
The positive performance and outlook of Versace has led Capri Holdings Limited to raise its revenue and profit forecasts. This demonstrates the confidence and belief that the company has in Versace’s potential for further growth and success in the luxury fashion market.
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