The merger strengthens Italy's hand in a luxury industry led by French conglomerates, the biggest being Louis Vuitton owner LVMH.
Luxury fashion firm Prada Group reached an agreement with Capri Holdings to acquire designer brand Versace in a deal valued at $1.38 billion, Prada announced Thursday, after earlier reports indicated

Italy's Prada agrees to buy fashion rival Versace

08:32am, Thursday, 10'th Apr 2025
Prada has struck a deal to buy smaller rival Versace from Capri Holdings in a move to unite two of the biggest names in Italian fashion. The deal has an enterprise value of $1.375 billion, Prada said
Prada's talks to acquire Versace from fashion conglomerate Capri Holdings CPRI 4.09%increase; green up pointing triangle are at risk of collapsing at the eleventh hour with financial markets in histor
Italian luxury group Prada is set to make a decision this week about a potential takeover of smaller rival Versace, a source close to the matter said on Sunday, as the negotiations enter a final p
Prada is looking to drum up $1.5 billion to complete the takeover, with another $1 billion earmarked to relaunch and revive Versace's Medusa brand, according to an Italian newspaper.
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A deal would unite two of the biggest names in Italian fashion.
Prada's resilience amid China's economic slowdown is due to strong performance in the Asia-Pacific region and exceptional growth of the Miu Miu brand. Despite industry-wide slumps, Prada's EBIT and Ca
Prada S.p.A. (OTCPK:PRDSY) Q4 2024 Earnings Conference Call March 4, 2025 8:00 AM ET Company Participants Andrea Bonini - CFO Patrizio Bertelli - Chairman & Executive Director Lorenzo Bertelli - Marke
An acquisition of Versace by Italian luxury group Prada would create a company with a broader base that is more resistant to business cycles, but reviving the targeted brand could take years and hit s
Versace would return to Italian ownership after it was acquired by Michael Kors in 2018.
Italian luxury group Prada is moving closer to a deal to buy Versace from upmarket fashion group Capri Holdings after agreeing to a price of nearly 1.5 billion euros ($1.6 billion), Bloomberg News rep
Numerous fashion companies are potentially interested in buying Versace, Miuccia Prada, owner of the Italian luxury group Prada , said on Thursday.
Italian luxury group Prada has been given access, ahead of any other potential suitors, to the financial data of smaller rival Versace which owner Capri Holdings has put up for sale, a source close to
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