Former Versace CEO Giancarlo Di Risio Dies

Former fashion executive Giancarlo Di Risio has died in Rome. He was in a coma after he suffered a heart and respiratory collapse in 2012.

A funeral service will be held on Wednesday in Isernia, in the Italian Molise region. Di Risio was born nearby in the small town of Pettoranello del Molise in 1955.

He spent 15 years working under Tonino Perna at IT Holding, which owned manufacturing arm Ittierre and was once one of Italy’s fastest-growing fashion groups.

As CEO of Isernia-based Ittierre, Di Risio was instrumental in developing the younger lines’ business for designer brands such as Versace, Trussardi, Roberto Cavalli and Dolce & Gabbana in the ’90s. Ittierre pioneered the idea of designer jeans and diffusion line licenses.

This story was reported by WWD and originally appeared on WWD.com. To read the full story, please go to WWD.com.

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