Dontella Versace has been replaced as creative director of Versace by Dario Vitale, effective from April 1. She will become the chief brand ambassador, Versace’s US owner Capri Holdings announced on Thursday. This change comes amid reported speculation that Prada Group may acquire Versace from Capri Holdings, which bought the brand for €2 billion (currently ₹18,881 crore) in 2018.