In a landmark move for the fashion industry, Prada has announced its acquisition of Versace from Capri Holdings for €1.25 billion (approximately $1.375 billion). This strategic deal brings together two of Italy’s most renowned luxury fashion houses, aiming to strengthen their global presence and competitiveness against French conglomerates like LVMH and Kering.
The acquisition is expected to finalize in the second half of 2025, pending regulatory approvals. Prada plans to maintain Versace’s distinctive brand identity while leveraging its own operational expertise to enhance Versace’s market performance.
This acquisition marks a significant consolidation in the Italian luxury fashion sector, promising a new era of collaboration and innovation between these iconic brands.
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