Donatella Versace and Giancarlo Di Risio, courtesy of the Wall Street Journal

Bucked by Designer, Versace CEO Eyes Exit (WSJ)
“Gianni Versace SpA Chief Executive Giancarlo Di Risio is expected to resign, a person familiar with the matter said, after months of clashes with lead designer Donatella Versace over how to cut costs at the Italian fashion house.”

Lanvin Posts Profit, Sales Gain 29 Percent (WWD)
“Lanvin, fueled by the creativity of Alber Elbaz, can face the economic crisis “in a healthy way,” said executive vice president Thierry Andretta.” (Subscription required)

Business Journals to relaunch Portfolio.com (BizJournals.com)
“Portfolio.com will migrate to a new home as part of Charlotte-based American City Business Journals Inc.’s bizjournals, effective in July.”

Management rejig at New Look + video of first TV ad (Drapers)
“New Look has promoted Will Kernan to group managing director (owned stores), overseeing its entire network of company-owned stores.” (click here to view the ad)