Fashion conglomerate Prada acquires Versace for a staggering € 1.25 billion
Italian luxury fashion conglomerate Prada has announced the acquisition of its rival, Versace, for a staggering €1.25 billion. The deal, which is expected to close in the second half of 2025, involves a 100% stake in Versace from Capri Holdings.
The acquisition comes after the murder of Gianni Versace in 1997, when his sister Donatella took over the creative reins of the company. Since then, Versace has grown to offer women's, men's, and children's fashion, as well as shoes, bags, accessories, eyewear, watches, and perfume. Today, the brand operates 230 boutiques and 638 licensed shops worldwide.
Prada's CEO, Patrizio Bertelli, made the announcement, stating that the deal aims to continue Versace's legacy and celebrate its bold and timeless aesthetics. He added that the acquisition provides Versace with a strong platform built on years of investment and long-standing relationships.
To secure the acquisition, Prada has obtained a long-term loan of €1 billion. The cash payment for the acquisition is based on an enterprise value of €1.25 billion and is subject to adjustments at the time of closing. The deal is subject to certain conditions, including the receipt of all necessary regulatory approvals.
The acquisition of Versace by Prada marks a significant move in the luxury fashion industry. Both brands are well-known for their Italian heritage and have made a significant impact on the fashion world. With this acquisition, Prada aims to strengthen its position in the luxury market and offer a wider range of products to its customers.
At this time, there is no information available about who received approval to carry out the encryption of the Versace acquisition in the second half of 2025. As the deal progresses, more information is expected to be released, providing further insights into this historic acquisition.
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