Only eight months after Dario Vitale was appointed creative director of Italian fashion brand Versace, the company said he will quit on December 12 and his successor will be announced in due course.

The announcement comes two days after Prada Group finalised its $1.375 billion cash acquisition of Versace.

Meanwhile, chief executive officer Emmanuel Gintzburger will oversee the creative team, according to European media outlets.

Only eight months after Dario Vitale was appointed creative director of Italian fashion brand Versace, the company said he will quit on December 12 and his successor will be announced in due course.
The announcement comes two days after Prada Group finalised its $1.375 billion cash acquisition of Versace.
Meanwhile, CEO Emmanuel Gintzburger will oversee the creative team.

Vitale was the third creative director after Gianni Versace, who was killed in 1997, and his sister Donatella Versace, who assumed the role after his death until Vitale took over.

His first collection for the house debuted in September.

Fibre2Fashion News Desk (DS)

Tiruppur’s knitwear exporters are under intense pressure after being hit by steep 50 per cent tariffs imposed by the US, with firms struggling to identify alternative markets that can match the scale, consistency and long-term sustainability of US demand. Exporters note that while policy discussions often emphasise market diversification, no other destination currently offers comparable volume depth or stable, repeat orders.

The US accounts for around 30 per cent of Tiruppur’s total exports and nearly 55 per cent of India’s knitwear exports, making it the cluster’s single most critical overseas market. As orders from US buyers have declined sharply following the tariff hike, exporters are being forced to offer discounts of 25–30 per cent to retain long-standing customers. These price cuts are directly eroding margins and pushing many units into losses, exporters from the cluster said.

Tiruppur’s knitwear exporters are facing severe pressure after 50 per cent US tariffs sharply reduced orders from their largest market.
With the US accounting for nearly one-third of the cluster’s exports, firms are forced to offer deep discounts, eroding margins and pushing many MSMEs into losses.
Exporters are urging government support to offset tariff impacts and prevent long-term damage.

The Tiruppur Exporters Association (TEA) warned that the impact is particularly severe for MSME exporters, who typically operate on thin margins and lack the financial resilience to absorb sustained price reductions. Several exporters have reported order cancellations, shorter production runs and significantly lower capacity utilisation, with some units operating well below optimal levels. Given the cluster’s labour-intensive nature, the downturn is also raising concerns over job security and employment stability.

Exporters argue that replacing the US market is not a realistic short-term option. Although exploratory efforts are under way in regions such as the Middle East, Africa and parts of Europe, these markets are smaller, fragmented and often demand different product mixes, compliance standards and pricing structures. This dispersal of volumes across multiple destinations increases logistics costs, working capital requirements and operational complexity. MSMEs are also facing intensified competition from larger Indian garment exporters. With access to the US constrained, larger players are aggressively targeting Europe, undercutting prices and pushing smaller MSMEs closer to the brink.

Against this backdrop, Tiruppur exporters have urged the government to introduce direct relief measures similar to those provided during COVID. They are seeking support that would help absorb part of the tariff burden, retain US buyers and prevent a permanent erosion of market share. Industry bodies caution that without timely intervention, prolonged losses could weaken the export base, disrupt supply chains and undermine India’s standing in the global knitwear market.

KM Subramanian, president of TEA, told Fibre2Fashion, “The central government has assured exporters of relief on bank loans and is actively working on it. However, the situation is far more severe for Tiruppur exporters. We need direct financial support so that exporters can remain competitive despite the 50 per cent US tariffs.”

TEA added that the current crisis is, in some ways, worse than the pandemic, as business activity has nearly come to a standstill. The association has urgently sought government intervention, specifically requesting a 20 per cent EXIM scrip or targeted subsidies to bridge the tariff gap and help exporters retain global buyers.

Fibre2Fashion News Desk (KUL)

The Ludhiana market witnessed an upward trend in PC yarn prices. Prices rose by ****;*–* per kg over the past week as cotton prices continued to increase. However, polyester products were largely steady, while ** recycled polyester yarn declined by ****;* per kg. A trader from the Ludhiana market told Fibre*Fashion, “Spinning mills are raising PC yarn prices as they expect higher demand in the coming summer season. Demand is likely to improve over the next one to two weeks. However, polyester yarn and fibre lacked support. After the removal of QCOs, more polyester yarn imports are expected in the coming months, with no hurdles related to quality compliance.”

In Ludhiana, ** count PC combed yarn (**/**) traded at ****;***–*** (~$*.**–*.**) per kg (GST inclusive); ** count PC carded yarn (**/**) at ****;***–*** (~$*.**–*.**) per kg (GST inclusive); ** recycled polyester yarn at ****;***–*** (~$*.**–*.**) per kg (GST extra); ** count virgin polyester spun at ****;***–*** (~$*.**–*.**) per kg (GST inclusive); recycled polyester fibre (PET bottle fibre) at ****;**–** (~$*.**–*.**) per kg and virgin polyester fibre at ****;**.** (~$*.**) per kg.