Is Versace losing popularity?

I'm curious, are we seeing a decline in the popularity of Versace as a luxury brand? Have recent fashion trends shifted away from their signature bold designs, or have there been other factors at play? Are their sales and revenue figures indicating a downturn, or is it just a matter of perception? It would be interesting to understand the dynamics behind any potential shift in consumer preferences and how Versace might be adapting to stay relevant in today's market.