Overview

• Prada has officially acquired Versace from Capri Holdings for $1.38 billion, marking the largest purchase in Prada's history.
• The deal is expected to close in the second half of 2025, pending regulatory approvals and customary conditions.
• Prada aims to preserve Versace's bold creative identity while leveraging its own operational and industrial expertise to unlock growth potential.
• This acquisition strengthens Italy's position in the luxury fashion industry, challenging the dominance of French conglomerates like LVMH and Kering.
• Donatella Versace, who stepped down as creative director in March, will remain involved as the brand's chief ambassador.