donatella_versace.jpgThere is lots of chatter today that the end may soon be nigh for Donatella Versace at the House of Versace.

Just last week Donatella was forced to insist that the company would weather any financial difficulties, including the lay-off of staff. However, whispers that her time may be up have been fuelled by a scathing article in Newsweek penned by Dana Thomas titled "The Tragic Decline of the House of Versace."

"Many in the fashion industry believe it's time for the brand to continue without Versace family involvement - and some suggest that the family is starting to accept this idea too..." Thomas writes. "... And will Donatella remain at the helm? 'Maybe,' says [an anonymous] former Versace executive. 'Then again, maybe not.' Which, after a decade of turmoil, may be the best thing for the company after all.'"

Meanwhile, Versace's new girl Georgia May Jagger is planning some time off...

The young daughter of Jerry Hall and Mick Jagger will put her burgeoning modelling career on hold to concentrate on studying.

"Georgia won't be shooting anything else for the rest of the year," her agent Tori Edwards told "I've known her since she was a little girl and school has always been her number one priority. She is studying for her A Levels just now, so she has a lot of coursework, and until she is 18 she will just be focusing on that."

Georgia recently became the new face of Rimmel London, Hudson Jeans and has just wrapped shooting of Versace's spring 2010 campaign. The 17-year-old is said to be "really excited" to have worked on the ads which were photographed by Mario Testino at an apartment at the Dorchester Hotel last week.

"Georgia absolutely loves working with Donatella. She has given her a few pieces from the new collection and Georgia is crazy about it," Edwards added.