Overview
- The €1.25 billion acquisition awaits final regulatory approval, which Prada expects to receive in the coming weeks.
- Bertelli, 37, will take a strategic leadership role and says he foresees no major management changes at Versace in the first year.
- Versace’s revenue has fallen by roughly a quarter over the past two years after Capri Holdings bought the brand for €1.83 billion in 2018.
- CEO Andrea Guerra emphasized preserving continuity while pursuing a long-term recovery rather than quick, disruptive overhauls.
- Prada points to recent momentum at Miu Miu and remains focused on Versace’s revival, with analysts noting cautious optimism given Prada’s mixed M&A record.