Key FactsPrada Acquires Versace for €1.25 Billion
Apr 10, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: businessoffashion.com
Summary created with AI assistance · Source: businessoffashion.com
- Prada Group has officially announced its acquisition of Versace from Capri Holdings for €1.25 billion.
- An additional €250 million will be allocated to revitalize Versace, which faced losses last year.
- This deal proceeds despite a global market downturn linked to Trump's trade war.
- Versace aims to return to profitability by March 2026 after a reported 19% revenue drop to $810 million.
Our organisation is ready and well positioned to write a new page in Versace’s history.— Bertelli said this in a statement.
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Prada said on Thursday that it has struck a deal to buy smaller rival Versace from Capri Holdings, bringing together two of the biggest names in Italian ... Show more
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Key FactsPrada Acquires Versace for €1.25 Billion
Apr 10, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: theguardian.com
Summary created with AI assistance · Source: theguardian.com
- Prada has agreed to acquire the Versace brand for €1.25 billion from Capri Holdings.
- The original price of €1.43 billion was reduced due to recent market turmoil and trade uncertainties.
- Prada aims to integrate Versace into its brand portfolio, which includes Prada, Miu Miu, and others.
- The acquisition occurs amidst a challenging market, while Prada reported a revenue increase to €5.4 billion in 2024.
We just talk, talk, talk. She’s so inspiring. We make fun of each other and teach each other.— Donatella Versace on her relationship with Miuccia Prada.
Prada to acquire Versace for €1.25 billion, uniting Italy's top fashion houses
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