Versace Acquired by Prada in Luxury Deal
Deal News | Apr 11, 2025 | Clifford Chance LLP
Clifford Chance LLP played a pivotal role as a legal advisor in the acquisition of Versace by Prada, providing expertise on the Italian tax aspects of the deal. The acquisition, valued at €1.25 billion, involves the purchase of 100% of Versace from Capri Holdings. This transaction signals a critical development in the luxury fashion sector, allowing Prada to enhance its portfolio with Versace's unique branding and to leverage growth through strategic value creation. Clifford Chance's involvement underscores its influence in significant global market transactions, with the advisory team led by partner Carlo Galli, alongside counsel Sara Mancinelli and senior associate Andrea Sgrilli.
Sectors
- Luxury Fashion
- Legal Advisory
Geography
- Italy – Both Prada and Versace are iconic Italian fashion brands, and the transaction involves Italian tax advisement.
Industry
- Luxury Fashion – The acquisition of Versace by Prada is a major development in the luxury fashion industry, which is known for high-profile brand dynamics and strategic acquisitions.
- Legal Advisory – Clifford Chance's role in advising on Italian tax aspects highlights the importance of legal advisory services in complex M&A transactions.
Financials
- €1.25 billion – Total acquisition value for 100% of Versace by Prada.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Clifford Chance LLP | Legal Advisor | Company | Provided legal advice on Italian tax aspects related to the acquisition. |
| Prada S.p.A. | Acquirer | Company | Luxury fashion group acquiring 100% of Versace. |
| Versace | Target | Company | Iconic Italian luxury fashion brand acquired by Prada. |
| Capri Holdings | Seller | Company | Parent company selling its entire 100% stake in Versace to Prada. |