Fashion News


While it seems it was only yesterday that Giancarlo di Risio’s departure was but a rumor, in a short time his departure was rebuffed, confirmed, and is now a thing of the past.

After di Risio, Versace’s former chief executive officer officially resigned (on June 5th), Versace announced (on June 9th) that Gian Giacomo Ferraris will be the Italian fashion house’s next CEO. Ferraris, who was most recently the CEO of Jil Sander, has over 20 years experience in the luxury goods sector.


Before serving as the head honcho at Jil Sander, where he held the title of CEO from 2004 until now, he was the managing director for the ready to wear division of Gucci Group. Ferraris’ CEO post at Jil Sander will be filled by the company’s CFO, Alessandro Cremonesi.


This quick appointment begs the question: why is Versace able to fill its CEO position in mere days, while Barneys has been without a chief executive officer for over a year? The famed retailer does not even have an interim CEO, nor do they have any CEO prospects. The company’s last CEO, Howard Socol, left citing strategic differences with then-new owners Istithmar World and so the company is now run by seven vice-presidents.

Given Barney’s serious financial hardship, we can only hope that they will make an appointment in the near future and not succumb even further to the perils of the economy.