Back to today’s briefing

Story perspectives

Prada Set to Acquire Versace for €1.5 Billion

3/3/2025

47 10

Summary

Story summary

Prada is on the brink of a €1.5 billion acquisition of Versace from Capri Holdings, aiming to finalize the deal this month. This move would restore Versace to Italian hands and strengthen Prada's stance against luxury titans like LVMH. With Versace facing a 15% revenue drop last quarter, Capri's choice to sell reflects the brand's urgent need for revitalization.

1 of 1

Story summary

Prada is on the brink of a €1.5 billion acquisition of Versace from Capri Holdings, aiming to finalize the deal this month. This move would restore Versace to Italian hands and strengthen Prada's stance against luxury titans like LVMH. With Versace facing a 15% revenue drop last quarter, Capri's choice to sell reflects the brand's urgent need for revitalization.