Overview
- Analysts expect near-term pressure on Prada’s margins as Versace, currently unprofitable, requires reinvestment to return to growth.
- Lorenzo Bertelli will become executive chairman of Versace once integration is complete.
- Capri Holdings said it will use the proceeds to pay down debt and strengthen its balance sheet.
- Prada will integrate Versace into its Made-in-Italy production and artisan training infrastructure following recent factory investments.
- Versace is in a creative reset under chief creative officer Dario Vitale after Donatella Versace’s exit, with his debut drawing strong buyer interest.