Donatella Versace, one of the world’s best-known designers, is stepping down as chief creative officer of the brand that bears her family name, marking the end of an era for the fashion house that could soon change hands.

Donatella Versace took the reins of her family's eponymous brand after the July 1997 murder of her brother Gianni, the famed Italian fashion designer.

Donatella Versace has been replaced as creative director of the fashion house founded by her late brother Gianni Versace, assuming the new role of chief brand ambassador, Versace’s U.S. owner Capri Ho