Donatella Versace is to step down as the main designer for the Versace brand after almost three decades, a move that has fanned talk of a sale of the business to rival Italian fashion house Prada. Donatella,

Italian luxury house Versace has named its successor to Donatella Versace, who is stepping down as chief creative officer, a role that she has held since 1997.

Movements in the luxury market continue. The new chapter, in Milan, led by Donatella Versace, who hands over the creative direction to Dario Vitale, previously responsible for the success at Miu Miu until last January.