Back to today’s briefing

Story perspectives

Prada Acquires Versace for €1.3 Billion Amid Antitrust Issues

12/2/2025

23 4 Full Breakdown

Summary

Story summary

Prada Group completed the acquisition of Versace for about 1.3 billion euros ($1.5 billion) on December 2, 2025.
The deal followed a failed Capri Holdings sale to Tapestry due to antitrust issues.
Discussions about the acquisition began during the COVID period.
Lorenzo Bertelli, son of Prada's owners, will become executive chairman of Versace after the integration.
Versace will join Prada and Miu Miu under the luxury group's umbrella.

1 of 1

Story summary

Prada Group completed the acquisition of Versace for about 1.3 billion euros ($1.5 billion) on December 2, 2025.
The deal followed a failed Capri Holdings sale to Tapestry due to antitrust issues.
Discussions about the acquisition began during the COVID period.
Lorenzo Bertelli, son of Prada's owners, will become executive chairman of Versace after the integration.
Versace will join Prada and Miu Miu under the luxury group's umbrella.