John D. Idol, CEO of Capri Holdings, has come under scrutiny for his management decisions, particularly after reportedly sidelining Donatella Versace as creative director. This move, along with attempts to rebrand Versace using a new monogram while sidelining its iconic Medusa logo, has drawn criticism from insiders who suggest Idol's approach lacks respect for brand heritage. With Capri Holdings struggling for growth and various brands up for sale, the future of Idol's strategies in the luxury fashion market appears uncertain.
Idol reportedly pushed the flamboyant Versace brand to create a monogram similar to Michael Kors' 'MK' or Louis Vuitton's 'LV' and to sideline its iconic Medusa logo.
'He's a God-complex, chest-beating, bulldozer of a man,' said the insider of Idol.
'He's driven brands completely into the ground, like Jimmy Choo,' said the insider. 'He's taken the heart out of them.'
The Capri spokesperson noted this was a management team decision.
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