Prada Finalizes €1.25 Billion Acquisition of Versace

The landmark deal unites two iconic Italian fashion houses, bolstering their global competitiveness and preserving Versace's creative identity.

Prada has officially acquired Versace from Capri Holdings for €1.25 billion, with the deal expected to close in the second half of 2025 pending regulatory approvals.
The acquisition is funded by €1.5 billion in new debt, including a €1 billion loan and a €500 million bridging facility.
Versace, known for its bold designs, has faced declining sales, prompting the sale as an opportunity for revitalization under Prada's operational support.
Prada’s leadership emphasized that Versace will maintain its creative DNA while leveraging Prada’s industrial capabilities and retail expertise for long-term growth.
This move strengthens Italy’s position in the luxury market, allowing Prada to better compete with French conglomerates like LVMH and Kering.