Versace to cut jobs-Gianni rolling in his grave

Posted in Uncategorized by blogwing on 01/28/2010

Ok you know things are bad when Versace is cutting jobs. We thought the place was a mob front for money laundering to begin with, so how can this be happening? Seriously besides on the red carpet, where Versace is brilliant, do you know anybody who wears Versace? Besides the Russian hookers that hang at Cipriani, we can’t think of anybody.

Two weeks after Versace closed its New York press office (turning over the reins to PR Consulting for U.S. public relations), the company has announced an extensive restructuring program. Approximately 350 jobs will be cut (25 percent of Versace’s workforce), starting in March and ending in June, with the objective to return the company to profitability by 2011. Gianni  and Donatella must be rolling in their graves.  Strike that someone just told us that Donatella is indeed still alive.

2 Responses

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  1. Miranda hall said, on 10/19/2011 at 9:02 AM

    As a staff member, It’s important that a company makes profit. I know they have re-handed a great deal of design work to Joshua Rankin-Kells (JK) so that might pick things up a bit. Although I hear he travels a lot and has been sick and spends a bit of time in Australia and as a guest stylist on Americas Next Top Model. But the job cuts are needed unless a lower level sub brand can save them
    Funny about Big D lol

  2. Many thanks for posting “Versace to cut jobs-Gianni rolling in his grave Blogwing”.
    Imight certainly be back for alot more browsing and commenting soon.
    With thanks, Bebe

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