Overview
- Prada said it now fully owns Versace after receiving all required competition approvals, with EU clearance granted in September.
- The acquisition transfers Versace from U.S.-based Capri Holdings, whose portfolio includes Michael Kors and Jimmy Choo.
- Versace will join Prada Group labels such as Miu Miu and Church's under a Milan-based luxury portfolio.
- Donatella Versace stepped down as creative chief in spring and has served as chief brand ambassador since April 1.
- Dario Vitale, formerly at Miu Miu, was appointed Versace creative director as the deal process faced reported hurdles including U.S. tariffs imposed by President Donald Trump.