Right on the heels of fashion month, the designer shakeups have already begun. After this morning’s news that Donatella Versace would be replaced by Dario Vitale as chief creative officer of Versace,

Said Gucci CEO Stefano Cantino in the statement, “I have always admired Demna's creative approach, that is both unique and powerful. His ability to honor the iconic legacy of a brand while embracing a modern sensibility is extraordinary.”

Kering appointed Demna Gvasalia as artistic director of Gucci, turning to the Balenciaga designer to inject new life into its flagship brand at a difficult time for the industry.