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Prada finalises buy of rival Versace for $1.4 bn
Hindustan Times Gurugram
|December 03, 2025
The Prada Group closed the purchase of Milan fashion rival Versace in a $1.375 billion cash deal that puts the fashion house known for its sexy silhouettes under the same roof as Prada’s “ugly chic” aesthetic and Miu Miu's youth-driven appeal.
The highly anticipated deal is expected to relaunch Versace’s fortunes, after middling post-pandemic performance as part of the US luxury group Capri Holdings. Prada said in a one-line statement the acquisition had been completed after receiving all regulatory clearances. Capri Holdings, which ow
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