Prada Reportedly Exploring Potential Acquisition of Versace

Capri Holdings is considering selling Versace following declining revenues, with Prada among the potential buyers.

Prada Group is reportedly working with Citi to evaluate a potential bid for Versace, according to Italian financial daily Il Sole 24 Ore.
Capri Holdings, which owns Versace, hired Barclays to explore strategic options after a failed merger with Tapestry in 2024.
Versace has faced significant challenges, with its revenue dropping 28.2% in the second fiscal quarter of 2025, reflecting broader struggles in the luxury sector.
Prada has been outperforming competitors, reporting an 18% year-over-year revenue increase in 2024, though analysts question whether it could successfully turn around Versace.
Other potential buyers, including private equity firms, are reportedly interested in Versace, but no official bids or valuations have been confirmed.