Prada has finalized its acquisition of Versace from Capri Holdings for €1.25 billion ($1.38 billion). This strategic move aims to bolster Prada's position in the luxury market amid a slowdown, while Versace seeks revitalization after recent financial struggles. The deal is expected to close in the second half of 2025.
The acquisition follows months of speculation regarding Versace's financial struggles under Capri Holdings, which purchased the brand for $2.1 billion in 2018. Recent market turmoil, exacerbated by U.S. tariffs, pressured Capri to divest Versace, leading to negotiations with Prada, which aims to strengthen its portfolio in the luxury sector.
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LVMH Moët Hennessy – Louis Vuitton SE, also known as LVMH, is a French multinational corporation and conglomerate specializing in luxury goods, headquartered in Paris, France.
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Gianni Versace S.r.l., usually referred to simply as Versace, is an Italian luxury fashion company and trade name founded by Gianni Versace in 1978.
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Italy, officially the Italian Republic, is a sovereign country consisting of a peninsula delimited by the Alps and surrounded by several islands. Italy is located in south-central Europe, and is considered part of western Europe.
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Prada S.p.A. is an Italian luxury fashion house, specializing in leather handbags, travel accessories, shoes, ready-to-wear, perfumes and other fashion accessories, founded in 1913 by Mario Prada.
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France, officially the French Republic, is a country consisting of metropolitan France in Western Europe and several overseas regions and territories.
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Capri Holdings Limited is a multinational fashion holding company, incorporated in the British Virgin Islands, with executive offices in London and operational offices in New York. It was founded in 1981 by American designer Michael Kors.
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Donald John Trump is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021.
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Jonathan Anderson may refer to:
Jonathan Anderson (American football) (born 1991), American football player
Jonathan Anderson (fashion designer) (born 1984), Northern Irish fashion designer
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Bernard Jean Étienne Arnault is a French billionaire businessman and art collector. He is the chairman and chief executive of LVMH Moët Hennessy – Louis Vuitton SE, the world's largest luxury-goods company.
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The United States of America, commonly known as the United States or America, is a country mostly located in central North America, between Canada and Mexico.
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Donatella Francesca Versace is an Italian fashion designer, businesswoman, socialite, and model. She is the sister of Gianni Versace, founder of the luxury fashion company Versace which she inherited a portion of upon her brother's death in 1997.
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The European Union is a political and economic union of 27 member states that are located primarily in Europe. Its members have a combined area of 4,233,255.3 km² and an estimated total population of about 447 million.
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Dario Vitale (born 1983) is an Italian fashion designer. He will be the creative director of Versace from April 2025, after Donatella Versace steps down at the end of March.
Vitale was born in 1983 near Naples, and graduated from Istituto Marangoni in...
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Hermès International S.A., or simply Hermès, is a French high fashion luxury goods manufacturer established in 1837. It specializes in leather, lifestyle accessories, home furnishings, perfumery, jewellery, watches and ready-to-wear.
