Breaking news

Donatella Versace Steps Down After 30 Years At The Helm of Fashion Empire

After nearly three decades steering the iconic Versace brand, Donatella Versace is stepping down from her role as head of the fashion house. The 69-year-old Italian designer, who inherited the reins from her late brother, Gianni, following his tragic murder in 1997, will remain with the company as its Chief Brand Ambassador. She is set to pass the creative torch to Dario Vitale, the former design and image director of Miu Miu, who will take on the position of Chief Creative Officer.

In her Instagram announcement, Donatella shared her thoughts: “Championing the next generation of designers has always been important to me,” she wrote, expressing her excitement for Vitale’s appointment. “I am thrilled that Dario Vitale will be joining us, and I am eager to see Versace through new eyes.”

While her new role shifts focus, Donatella’s deep connection to Versace remains unchanged. “Versace is in my DNA and always in my heart,” she declared. Donatella’s stewardship has firmly cemented the brand as a staple in the luxury fashion industry, with designs worn by global superstars like Dua Lipa, Angelina Jolie, and Sabrina Carpenter.

In a heartfelt reflection, Donatella expressed her gratitude: “It has been the greatest honour of my life to carry on my brother Gianni’s legacy. He was the true genius, but I hope I have some of his spirit and tenacity.” Despite her transition, she reaffirmed her commitment to the brand’s future, adding: “I will remain Versace’s most passionate supporter.”

The announcement was met with a wave of tributes from the fashion world. Celebrities like actor Damian Hurley, singer Sabrina Carpenter, and model Iris Law shared their admiration for the designer’s contribution to the industry. “We love you forever,” Hurley commented, while Carpenter called her “one and only,” and Law posted, “Love you so much.”

This shake-up in leadership comes as speculation mounts that Prada Group may be eyeing a potential acquisition of Versace from its current owner, Capri Holdings, which purchased the luxury brand for €2 billion in 2018. As Donatella steps into her new role, the future of Versace remains closely watched by both fans and industry insiders.

Desalination Breakthrough: Addressing Water Shortages in Cyprus with UAE’s Support

As Cyprus grapples with persistent water shortages, new hope is on the horizon through an impactful collaboration with the United Arab Emirates.

The coastal cities of Limassol and Paphos are set to house advanced desalination units, generously provided by the UAE’s National Energy Company, TAQA. These units are a timely intervention, especially for the Paphos district, where the water crisis is most acute.

Following the unfortunate destruction of a desalination unit in Kouklia, efforts have accelerated to deploy mobile desalination plants. The UAE’s intervention promises an impressive 15,000 cubic meters of water daily, with Paphos receiving 5,000 cubic meters and Limassol benefiting from 10,000 cubic meters.

The strategic plan from Cyprus’s Water Development Department includes three mobile units in Limassol and one in Paphos. Each unit is designed to enhance the water supply significantly, making use of innovative technologies synonymous with the UAE’s water management expertise.

This initiative couldn’t have been possible without the proactive measures taken by Cyprus’s Minister of Agriculture, Maria Panagiotou, and her team, who visited the UAE to evaluate the desalination solutions firsthand. The partnership marks a pivotal moment in tackling water scarcity in Cyprus.

The donation from the UAE involves 15 mobile desalination units, each capable of producing up to 1,100 cubic meters of water, fully covering the island’s immediate needs. TAQA’s partnership is pivotal, emphasizing Cyprus’s strategic importance and the potential for innovative solutions in the water sector.

The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter