In yet another round of musical chairs, former Versace chief executive officer Gian Giacomo Ferraris is expected to join the Roberto Cavalli group, according to sources. Ferraris is due to succeed Renato Semerari shortly, they said.

A former Coty Inc. executive, Semerari joined Cavalli in April 2015, when Italian private equity firm Clessidra SGR took control of the Italian brand, charged with modernizing and expanding it globally under the creative direction of Peter Dundas. In an unexpected turn of events, Versace in May tapped Jonathan Akeroyd to succeed Ferraris, who had led the brand’s turnaround since 2009.

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