The departure of Emmanuel Gintzburger, effective 23 June, is the latest in a series of structural moves as the Prada Group remakes the Italian house following its $1.35 billion acquisition from Capri Holdings.
Emmanuel Gintzburger has exited Versace, less than four years after being appointed Chief Executive Officer by then-owner Capri Holdings. Prada confirmed the departure, effective 23 June, noting that details on the new governance structure would be announced in due course.
The exit is the most recent in a rapid sequence of leadership changes since Prada closed the acquisition in December 2025. In March 2025, Donatella Versace stepped down as chief creative officer after 28 years, transitioning to a brand ambassador role, with Dario Vitale named as her successor. Vitale himself departed in December, days after the acquisition completed. In February 2026, Pieter Mulier, who more than doubled Alaïa’s business during his five-year tenure and received the CFDA’s International Designer of the Year award in November 2025, was confirmed as Chief Creative Officer, effective 1 July. Lorenzo Bertelli, son of Miuccia Prada and Patrizio Bertelli, serves as Executive Chairman, with Mulier reporting directly to him.
Gintzburger was appointed by Capri Holdings in 2022 and oversaw the brand’s transition between owners. Before Versace, he served as CEO of Alexander McQueen and held senior retail roles at Saint Laurent, Lanvin, and Louis Vuitton. Under Capri, Versace revenues declined 15% in fiscal 2025 to $193 million, with the brand struggling to reconcile its founder’s maximalist heritage with contemporary commercial demands.
Prada has indicated that the creative leadership transition and initial repositioning steps are expected to produce some degree of topline contraction in 2026. The longer-term plan centres on reducing dependence on outlet sales, improving full-price distribution, and returning the brand to profitability by around 2027. Versace posted net revenues of $155 million in the first quarter of 2026. Mulier’s debut collection for the house is not expected until early 2027.