Luxury used to clear the table each season. Versace is clearing the floor, then covering it with proof.

Versace Obsessed, Chapter II, the Fall/Winter 2026 campaign released at the end of July, puts models on carpets the color of lacquer and grass and surrounds them with paper. Steven Meisel, who has photographed the house since the 1990s, shoots from above. The clothes matter. The stacks matter more. Magazines from the nineties and early two-thousands carry his own earlier Versace images. Rare Vanitas volumes, the early-nineties Gianni books that treated embroidery, costume, and photography as one opulent argument, sit open like exhibits. Classical busts, Medusa boxes, and books on Greek myth and Italian history fill the negative space. The new leather is lying inside a dossier.

That is the Banquet read. Houses are selling continuity as documentary evidence. When ownership has just changed hands, a clean seasonal rupture looks expensive and lonely.

“Versace’s identity is distinctive and clear, there is no need to reinvent it.”

Lorenzo Bertelli, Versace executive chairman, to WWD


Why the Archive Is in the Frame

Model in white and red Versace looks on a blue carpet with magazines and Medusa bags
Fall/Winter 2026 Obsessed Chapter II: a white bodysuit and red leather trousers on cobalt pile, ringed by Vogue covers, Versace volumes, and Medusa hardware. Photography by Steven Meisel. Courtesy of Versace.

Ferdinando Verderi directed the campaign and its films. Mary Howard built the sets as living inventories rather than blank cycloramas. Karl Templer styled Saar Mansvelt Beck, Alaina Rae, Elodie Guipaud, Bai Ruien, and Wiley Rhoads. Beauty is the usual serious bench: Pat McGrath, Guido Palau, Jin Soon Choi. The credits read like a continuity brief. The same photographer. The same campaign creative. The same refusal to invent a new house from scratch for one retail season.

Chapter I arrived earlier as La Vacanza 2026, also under the Obsessed title. Bedroom walls papered with Meisel tearsheets from 1993 to 2004. Chapter II moves the scrapbook onto the floor and thickens it: unseen objects, Vanitas, magazine spines you can date. The house release leans on Gianni and Donatella codes. Grit with glamour. Divine with dirty. Classicism with street. Medusa and Greca. Leather against gold. Useful shorthand. The innovation is procedural. The archive is props, evidence, and product story at once.

We’ll be blunt. When a campaign surrounds new trousers with 1998 Vogue Italia and a book titled Medusa, it is telling the client what kind of purchase this is. You are buying into a file that already exists. Reboot anxiety is for the boardroom. The window sells the folder. Ask yourself, walking past a Versace window this fall, whether you are looking at a seasonal reset or at a house proving it still owns its pictures.


Continuity as Luxury Strategy

The timing is institutional, not nostalgic. Prada Group closed its Versace acquisition on 2 December 2025. Donatella Versace had already moved to chief brand ambassador in April 2025. Dario Vitale lasted one season as creative lead and left in December. Pieter Mulier, formerly of Alaïa, became chief creative officer on 1 July 2026, with a debut expected around February 2027. Obsessed Chapter II landed at the end of July as an unattributed house campaign: Meisel already inside the building calendar, Mulier not yet authoring the runway chapter. Continuity is the safest public language while authorship is still offstage.

Read the sequence as a client would. Capri to Prada. Donatella off the design chair. One Vitale collection. A Belgian designer hired for sculptural sensuality and sellable product. Until February, the public face of Versace is still Meisel’s overhead grammar and Howard’s carpeted evidence rooms: brand insurance with excellent lighting.

Bertelli has said the group wants a profound dialogue with Versace’s history and distinctive aesthetics. The campaign is that sentence made literal. Elsewhere in luxury the same instinct shows up as anniversary windows, craft films, and archive capsules: Louis Vuitton’s Monogram year, Chanel’s Métiers d’art storytelling, Armani’s Archivio reeditions. Different houses, same bet. Memory is harder to copy than a silhouette. It also travels better across markets that already know Medusa before they know the current designer’s name.

For diaspora readers watching logos cool as emotional connection heats up, see The New Asian Luxury Buyer Doesn’t Need You to Recognize the Brand. Obsessed answers a related fear from the house side. If recognition alone no longer carries the ticket, documentary density might. Show the tearsheet. Show the Vanitas page. Show that Meisel is photographing beside Meisel.

If Milan is on the diary, the practical room is Versace at Via Montenapoleone 11 (typically Monday–Saturday 10:30–19:30, Sunday 11:00–19:00; +39 02 7600 8528). Ask for Fall leather under boutique daylight. Ask which motifs repeat from the campaign stills you already know. Confirm appointments on versace.com. The season will change. The floor, for now, is covered in evidence.