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Prada Nears Approval of Versace Deal

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Prada has struck a deal to buy smaller rival Versace from Capri Holdings in a move to unite two of the biggest names in Italian fashion.
From CNN
Prada has struck a deal to buy smaller rival Versace from Capri Holdings to unite two of the biggest names in Italian fashion.
From USA Today
The purchase, the largest in Prada’s 112-year history, returns Versace to Italian ownership and could put the company in a better position to compete with bigger luxury rivals such as LVMH and Kering...
From Los Angeles Times

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From 'THAT dress' to Prada’s deal: 5 things that made Versace a fashion icon
Milan just got more interesting. One of fashion’s flashiest names, Versace, is now officially part of Prada. The €1.25 billion deal was announced on Thursday, shaking up the luxury fashion world and uniting two Italian powerhouses with totally different vibes.
"Donatella stepping down is really the end": Internet reacts to Prada buying Versace in $1.38bn deal
Prada Group has officially decided to acquire Versace in a deal worth $1.38 billion, marking a significant shift in the global luxury fashion landscape.
Prada agrees to buy fashion rival Versace
The price Prada has agreed to pay for Versace is a big discount to the roughly $2.15 billion including debt that Capri paid for Versace in 2018. Previously known as Michael Kors, Capri bought Versace from the Versace family and Blackstone.
Italy's Prada agrees to buy fashion rival Versace for $1.3 billion
Prada's $1.3 billion acquisition of Versace strengthens Italy's hand in the luxury industry led by French conglomerates.
Prada’s crisis-era Versace deal still looks pricey
The Italian group paid $1.4 bln for the ailing brand from Michael Kors-owner Capri, less than expected. It helps CEO Andrea Guerra square up to bigger French rivals LVMH or Kering. Even so, the return on investment looks low,
Versace’s ‘Quiet Luxury’ Blunder Opened Door to Prada Takeover
Fashion executive John Idol thought Versace leaned too much on ornate designs and aimed to fix it by dialing things down, then boosting prices.
Prada buys Versace for $1.38 billion to form luxury leader
The purchase, the largest in Prada’s 112-year history, returns Versace to Italian ownership and could put the company in a better position to compete with bigger luxury rivals such as LVMH and Kering SA.
Prada to Buy Versace for Nearly $1.4 Billion
On Thursday, in the biggest luxury deal of the year, Prada announced it was buying Versace for 1.25 billion euros ($1.38 billion) from Capri Holdings, a beleaguered New York group that at one point styled itself as the American answer to the great fashion groups of France.
What’s Behind the Prada Group 1.25 Billion-euro Deal to Buy Versace
Prada's management sees untapped potential in Versace’s global brand recognition, aiming to evolve its bold aesthetic and leveraging the group’s platform.
Inside the Versace family's journey through fame, tragedy, and resilience
Under Gianni Versace's leadership, Versace saw a meteoric rise to fame. The fashion house has faced many ups and downs since his death.
W magazine29d
The Evolution of Donatella Versace’s Powerful and Bold Personal Style
take a look back at Donatella Versace’s most iconic looks from 1995 until now. The designer dressed many guests at George and Amal Clooney’s The Albies in 2024. She wore a bright yellow dress ...
Donatella defied the doubters - what's next for her and Versace?
As former Miu Miu design director Dario Vitale takes over, Donatella will now become an ambassador for the Versace brand. The big question is what that means for both the company and Donatella herself, who has poured her life into the company, dealing with grief, drug addiction and divorce along the way?
Dua Lipa, Gigi Hadid and EmRata are all honouring Donatella Versace as she steps down as creative director
Crediting Donatella with her first big runway appearance, Gigi Hadid took the opportunity to highlight her 10-year career with Versace through campaigns, fashion shows and red carpet appearances. As well as thanking the designer, Gigi signed off her post, “4ever your girl.” We're not crying, you are!
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