By  on October 6, 2009

TOKYO — Gianni Versace SpA is taking a break from the Japanese market as the company restructures under the stewardship of its new chief executive officer, Gian Giacomo Ferraris.

The company was unhappy with its store locations in the island nation and decided the best course of action was to close its existing stores and start with a clean slate, said a Versace spokeswoman in Milan. Versace has yet to announce when it will reopen stores in Japan, but there has been talk over the past year that the brand is hoping to open a large flagship in Tokyo at some point.

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