The landmark acquisition promises to preserve Versace’s iconic identity while unlocking global growth under Prada’s powerhouse platform. In a move set to reshape the landscape of luxury fashion, Prada Group has announced its acquisition of Italian fashion house Versace for $1.375 billion in cash. The deal, confirmed through a definitive agreement with Capri Holdings, marks one of the most high-profile transactions in the industry this year. According to Prada, the acquisition will allow Versace to retain its creative DNA and cultural authenticity, a key concern for loyal fans of the bold, glamorous brand founded by Gianni Versace in 1978. Meanwhile, … Continue reading Prada Group Acquires Versace in $1.375 Billion Cash Deal