Milan, December 2, 2025
Prada Group has completed the acquisition of Versace for approximately $1.4 billion, significantly expanding its luxury fashion portfolio. This strategic move follows regulatory approvals and is set to enhance operational efficiency as Lorenzo Bertelli steps in as executive chairman of Versace. The merger is anticipated to revitalize Versace’s brand after a period of underperformance, leveraging the complementary strengths of both fashion houses.
Prada Group Completes Acquisition of Versace for $1.4 Billion
Prada Group has finalized the purchase of Versace, its Milan-based fashion rival, in a deal valued at approximately $1.4 billion. This acquisition, announced on December 2, 2025, marks a significant expansion of Prada’s luxury fashion portfolio.
Transaction Details
The acquisition was completed after receiving all necessary regulatory approvals. The final cash consideration was determined after adjustments based on Net Working Capital and Net Financial Position. Capri Holdings, the previous owner of Versace, stated that the proceeds from the sale would be used to reduce its debt, thereby strengthening its financial position.
Leadership and Integration Plans
Lorenzo Bertelli, son of Prada founders Miuccia Prada and Patrizio Bertelli, will assume the role of executive chairman of Versace once the integration concludes. Prada plans to integrate Versace into its in-house Italian manufacturing system and artisan training academy, aiming to enhance operational efficiency and brand synergy.
Strategic Significance
This acquisition is expected to relaunch Versace’s fortunes, which had underperformed under Capri Holdings. Analysts describe the merger as non-competitive and complementary, suggesting that the brands’ distinct aesthetics and target demographics will allow for collaborative growth.
Background Context
Versace, founded in 1978 by Gianni Versace, is renowned for its bold and glamorous style. The brand has undergone several leadership changes, with Donatella Versace stepping down as creative director in March 2025 after nearly 30 years. Dario Vitale, formerly of Miu Miu, has taken over the position, signaling a new creative direction for the brand.
Prada Group, established in 1913, is a leading luxury fashion house known for its innovative designs and high-quality craftsmanship. The addition of Versace to its portfolio is expected to strengthen Prada’s position in the global luxury market and provide new growth opportunities.
Frequently Asked Questions (FAQ)
What is the value of the acquisition deal between Prada Group and Versace?
The acquisition deal is valued at approximately $1.4 billion.
Who will lead Versace after the acquisition?
Lorenzo Bertelli, son of Prada founders Miuccia Prada and Patrizio Bertelli, will assume the role of executive chairman of Versace once the integration concludes.
What are the expected benefits of this acquisition?
The acquisition is expected to relaunch Versace’s fortunes, which had underperformed under Capri Holdings. Analysts describe the merger as non-competitive and complementary, suggesting that the brands’ distinct aesthetics and target demographics will allow for collaborative growth.
What is the background of Versace as a brand?
Versace, founded in 1978 by Gianni Versace, is renowned for its bold and glamorous style. The brand has undergone several leadership changes, with Donatella Versace stepping down as creative director in March 2025 after nearly 30 years. Dario Vitale, formerly of Miu Miu, has taken over the position, signaling a new creative direction for the brand.
What is Prada Group’s history and market position?
Prada Group, established in 1913, is a leading luxury fashion house known for its innovative designs and high-quality craftsmanship. The addition of Versace to its portfolio is expected to strengthen Prada’s position in the global luxury market and provide new growth opportunities.
Key Features of the Acquisition
| Feature | Details |
|---|---|
| Acquisition Value | $1.4 billion |
| Leadership Appointment | Lorenzo Bertelli as executive chairman of Versace |
| Integration Plans | Incorporation into Prada’s Italian manufacturing system and artisan training academy |
| Strategic Significance | Expected relaunch of Versace’s fortunes and complementary brand merger |
| Brand Background | Founded in 1978 by Gianni Versace, known for bold and glamorous style |
| Prada Group Background | Established in 1913, leading luxury fashion house with innovative designs |
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