Prada to Acquire Versace: Italian Fashion Giants Unite
Deal News | Apr 06, 2025 | EIN
Renowned Italian fashion house Prada is reportedly in the final stages of acquiring the iconic brand Versace from current owner Capri Holdings Ltd., with an estimated deal value of approximately 1.5 billion euros. This strategic acquisition would bring together two stalwarts of Italian fashion under one ownership, reinforcing Italy's status as a central hub in the global fashion industry. With contrasting but complementary design philosophies, Prada's minimalist elegance and Versace's bold glamour, the merger is anticipated to create new synergies and drive fresh growth opportunities in luxury fashion. Discussions have been ongoing since early 2025, with Prada afforded exclusive access to Versace's financial data after a favorable due diligence process. While details may still change, the transaction is expected to finalize soon, positioning Prada to better compete with luxury giants like LVMH and Kering. The acquisition not only highlights the evolving strategies of fashion industry players to consolidate and grow but also represents a return of Versace to Italian ownership.
Sectors
- Fashion and Apparel
- Luxury Goods
Geography
- Italy – As both Prada and Versace are quintessentially Italian brands, the acquisition underscores Italy's pivotal role and heritage in the global luxury fashion arena.
Industry
- Fashion and Apparel – Prada's acquisition of Versace involves the merger of two leading entities in the global luxury fashion and apparel sector, noted for their influential design aesthetics and market presence.
- Luxury Goods – The deal highlights the strategic movements within the luxury goods sector, emphasizing the consolidation trends and competitive positioning among top-tier brands.
Financials
- 1.5 billion euros – Estimated acquisition value for Prada's purchase of Versace.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Prada SpA | Bidding Company | Company | A leading Italian luxury fashion house known for its minimalist and elegant designs. |
| Versace | Target Company | Company | An iconic Italian luxury fashion brand famed for its bold, glamorous style. |
| Capri Holdings Ltd. | Selling Company | Company | A global fashion luxury group that acquired Versace in 2018. |
| Finfolk | Source | Company | Provided information on the acquisition discussions between Prada and Versace. |