Di Risio has lost his war with Donatella Versace.
Gianni Versace SpA’s Giancarlo Di Risio has resigned as chief executive of the Italian fashion house, according to a statement on Friday, confirming newspaper reports he was set to depart. The company did not give a reason for Di Risio’s resignation, nor did it name a successor. Di Risio was hired at Versace in 2004. “Di Risio has agreed to stay on temporarily in order to guarantee a smooth transitional period for the company,” it said. – From Reuters