The fashion world will have to wait a while before it sees Pieter Mulier’s first collection for Versace. As Lorenzo Bertelli, executive chairman of the Italian fashion house, announced on Thursday during a conference call with analysts, the first fashion show under the leadership of the new chief creative officer is planned for early next year.
Until then, Mulier, who presented his final collection for French luxury label Alaïa this week and will move to Versace in the summer, will focus on analyzing and developing future collections. Among the news announced during the conference call is the relaunch of Atelier Versace, the brand’s haute couture line.
Mulier will “express the new creative vision rooted in the spirit and DNA of the brand,” said Bertelli. The relaunch plan also includes the discontinuation of the Versace Jeans Couture line and the sub-brands of the ready-to-wear lines.
Andrea Guerra, Chief Executive Officer (CEO) of the Prada Group, noted that in the relaunch phase, management will initially be engaged in a “first phase of repositioning the channels”. This is intended to support high-quality, full-price sales and more selective distribution. “We’ll see what this all means for Versace’s numbers and for the group’s overall performance.”
Commenting on the Group’s 2025 results, the CEO stated: “They mark the fifth consecutive year of growth for the Group and confirm a solid performance on a challenging multi-year comparative basis.” He added: “Consistent execution, based on a constant focus on processes and operations, has continued to support the success of our brands.”
Prada Group’s sales amounted to almost 5.72 billion euros, an increase of five percent compared to 2024. At constant exchange rates, revenue increased by nine percent. On an organic basis, i.e. adjusted for currency effects and Versace’s contributions, they increased by eight percent.
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