Capri: $1.375 Billion Sale of Versace to Prada
Deal News | Apr 10, 2025 | Wachtell, Lipton, Rosen & Katz
In a significant development in the luxury fashion industry, Capri Holdings Limited has agreed to sell its renowned Versace brand to Prada S.p.A. for $1.375 billion in cash. Versace, an emblem of high fashion founded in Milan in 1978, adds a new premium asset to Prada's portfolio, enhancing its status in the global luxury market. Legal advice for this transaction was provided by the American law firm Wachtell, Lipton, Rosen & Katz. This move underscores a strategic realignment within these key players in the luxury sector, epitomizing shifts towards consolidation in luxury fashion.
Sectors
- Luxury Fashion
- Mergers and Acquisitions
Geography
- Italy – Versace's origin and Prada's headquarters are both located in Italy, making it central to this acquisition.
- United States – Capri Holdings is listed on the New York Stock Exchange, marking its ties to the US.
Industry
- Luxury Fashion – This transaction involves high-end fashion brands like Versace and Prada, known for their premium products in the luxury fashion market.
- Mergers and Acquisitions – The article discusses a significant acquisition transaction where Capri Holdings sells Versace to Prada.
Financials
- $1.375 billion – The cash amount for which Versace is being sold to Prada.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Capri Holdings Limited | Seller | Company | A global fashion luxury group and parent company of Versace. |
| Prada S.p.A. | Buyer | Company | An Italian luxury fashion house acquiring Versace. |
| Wachtell, Lipton, Rosen & Katz | Legal Advisor | Company | A US-based law firm consulted for the transaction. |
| Versace | Target | Company | A leading international fashion design house being sold to Prada. |