MILAN, June 5 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
Newspapers had speculated about Di Risio leaving, with
Italy's Il Sole 24 Ore saying last month he and design head
Donatella Versace were "close to a divorce" over strategy.
Versace denied last month the existence of friction between
the two over the issue of cutting costs.
The design house is owned by Donatella, her brother Santo
and her daughter Allegra. Known for its Medusa-head logo and
penchant for gold, it had an 8.2 percent rise in revenues to 336
million euros ($476 million) last year.
Versace's board has approved a three-year plan focusing on
measures to confront the financial crisis -- which has not
spared luxury brands -- and grow the business.