Prada Acquires Versace From Capri Holdings For $1.38 Billion

In the biggest luxury deal of the year, Prada announced it will acquire Versace for €1.25 billion ($1.38 billion) from Capri Holdings, marking a bold move by CEO Andrea Guerra to bolster Prada Group’s global presence and create an Italian rival to LVMH and Kering. Founded by Gianni Versace in 1978 and now represented by Donatella Versace as chief brand ambassador, the label adds a distinct voice to Prada’s portfolio alongside Miu Miu and Marchesi. The acquisition, backed by chairman Patrizio Bertelli and expected to close later this year, signals a renewed commitment to Italian craftsmanship and brand heritage.

BUYER: Prada SELLER: Capri Holdings

SALE PRICE: $1,380,000,000

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