Word: aquascutum
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...Risio, the house's well-regarded chief executive officer since 2004, will step down. No official reason was given, but sources say that clashes over expenses with Donatella Versace, the creative director and part owner of the brand, were to blame. Another CEO, Kim Winser of the British brand Aquascutum, also resigned last week, after a buyout she put together was rejected by the brand's Japanese parent company, Renown. And according to a report in Women's Wear Daily, Ungaro designer Esteban Cortezar is expected to leave the house after just three seasons, following disagreements with CEO Mounir Moufarrige...
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