A day after it was announced that Donatella Versace was stepping down from the helm of the Italian fashion house, Jennifer Lopez reacted to the news on Instagram.

Jennifer Lopez is celebrating an icon. After Donatella Versace announced she is stepping down as chief creative officer of Versace, JLo took a moment to honor her longtime friend and collaborator with a heartfelt tribute.

Italian luxury house Versace has named its successor to Donatella Versace, who is stepping down as chief creative officer, a role that she has held since 1997.

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.

Movements in the luxury market continue. The new chapter, in Milan, led by Donatella Versace, who hands over the creative direction to Dario Vitale, previously responsible for the success at Miu Miu until last January.

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.