Overview

• Brussels issued the approval on September 30 after finding the case posed no antitrust issues.
• Prada expects to close the purchase this year, finalizing a 100% acquisition first announced on April 10, 2025.
• Capri Holdings, the U.S. owner of Versace and parent of Michael Kors and Jimmy Choo, is selling the label.
• The combination is intended to forge a stronger Italian luxury group able to compete with LVMH and Kering, with projected revenue above $7 billion.
• Versace is undergoing a reset following sector softness, including Donatella Versace’s exit and Dario Vitale’s appointment as creative director.