Prada, Versace Deal Completed

3 weeks ago 14

Luisa Zargani

Tue, December 2, 2025 astatine 4:43 AM CST 2 min read

MILAN – The Prada Group present officially controls the Versace brand, arsenic the closing of the acquisition was reported connected Tuesday. The date, Dec. 2, coincides with the day of the precocious Gianni Versace.

In a little statement, Prada said it had “received each the required regulatory clearances” to successfully implicit the purchase. In September, the radical received the European Commission’s greenish airy to acquire Versace’s genitor Givi Holding Srl.

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Lorenzo Bertelli, caput of CSR astatine the Prada Group, and the lad of Patrizio Bertelli and Miuccia Prada, is expected to instrumentality connected the relation of enforcement president of Versace.

Prada besides controls the Miu Miu, Car Shoe and Church’s brands.

In April, the Prada Group revealed the acquisition of Versace from Capri Holdings for an endeavor worth of 1.25 cardinal euros, soon aft Donatella Versace was named main marque ambassador and near the originative manager relation aft astir 3 decades astatine the helm of the brand.

She was succeeded by Miu Miu alum Dario Vitale, who unveiled his archetypal postulation successful September, receiving affirmative reviews from retailers for his colorful and audacious designs that helium said embraced Gianni Versace’s legacy. Donatella Versace did not be Vitale’s debut.

Upon the quality of the woody successful April, Lorenzo Bertelli said that “a batch of radical whitethorn deliberation that Versace is acold distant from the aesthetics of our existing marque portfolio, but I judge this is precisely a spot for our group, due to the fact that determination are nary overlaps successful presumption of creativity and successful presumption of customers.”

For this reason, the acquisition “is ace important to truly scope caller audiences and to explicit a antithetic benignant of message,” he said, adding helium was assured successful the “huge potential” of Versace.

In the archetypal half, Prada Group revenues roseate 8 percent to 2.74 cardinal euros. Chief fiscal serviceman Andrea Bonini astatine the clip said Versace was expected to execute revenues of $810 cardinal successful 2024 with an operating nett borderline forecast to beryllium high-single-digit negative.

The marque operates done a planetary web of 227 stores. The Versace business was not included successful Capri Holdings’ first-quarter income arsenic it is being categorized arsenic a discontinued operation.

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