Updated 12:11 p.m. ET June 24
MILAN— Emmanuel Gintzburger has exited Versace , WWD has learned.
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Gintzburger joined the Italian brand as chief executive officer in 2022 and recently led the house through its acquisition by the Prada Group and the appointment of Pieter Mulier as its chief creative officer.
Prada confirmed the resignation of Gintzburger effective June 23. "Information about the new governance will be announced in due course," the company said.
Gintzburger, who was previously CEO of Alexander McQueen, was tapped to run Versace by the brand's previous owner, Capri Holdings, which had grand luxury ambitions, but is now focusing in on its Michael Kors and Jimmy Choo businesses.
Prior to joining Alexander McQueen , Gintzburger was worldwide retail and wholesale director for Saint Laurent from 2011 to 2016, having joined the Parisian fashion house in 2009 as the Europe retail director.
From 2007 to 2009, he served as international retail director at Lanvin, and prior to that he held regional retail and marketing leadership roles at Sephora. Gintzburger also spent six years at Louis Vuitton in Hong Kong.
Prada acquired 100 percent of Versace from Capri Holdings for 1.25 billion euros in April last year. The transaction was funded by 1.5 billion euros of new debt composed of a 1 billion euro term-loan and 500 million euro bridge facility.
Lorenzo Bertelli, head of CSR at the Prada Group, was named executive chairman of Versace in December.
Mulier will join the brand on July 1, and unveiled his spring collection and swan song at Alaïa in Paris in March. He succeeded Dario Vitale, who exited Versace after only one collection presented in September, and will report to Bertelli.
In the first quarter ended March 31, Versace progressed in line with expectations, contributing net revenues of 143 million euros. The brand, which will see the first collection by Mulier early next year, is progressively repositioning toward full-price sales, higher quality and improved depth of the offer.
In March, Versace's Bertelli told WWD that Prada would also be optimizing the retail network and integrating processes across functions. He said that the Versace Jeans Couture line, licensed to Swinger International, would end, leaving no subbrand and that Mulier would revive the Atelier couture line. Bertelli at the time waved off persistent speculation about a potential exit of Gintzburger. "We are working very well with him," he said then.
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