Prada Group Nears $1.6 Billion Acquisition Of Versace From Capri Holdings Ltd

Prada Group, led by CEO Andrea Guerra, is nearing a $1.6 billion deal to acquire Versace from Capri Holdings Ltd. after completing due diligence with no major risks identified. If finalized, this acquisition would mark Versace’s return to Italian ownership under the Prada family’s luxury conglomerate. The deal comes as Prada and Miu Miu thrive despite a broader luxury slowdown, while Versace has struggled with declining sales. The transaction is expected to close by the end of March, though terms remain subject to change. #VentureCapital #PradaGroup #AndreaGuerra #Prada #DonatellaVersace #VersaceMansion #Versace #TradedVC