1 billion) takeover deal. The elite fashion house acquired Versace from US based fashion conglomerate Capri Holding in a “Made in Italy” deal that looked destined to become a victim of this month’s ...

The Prada Group announced a deal Thursday to buy Italy's Versace from the U.S. luxury group Capri Holdings under terms that value the fashion house at 1.25 billion euros ($1.4 billion). Prada said the ...

Prada is seeking to expand, having defied a slowdown in luxury demand, while Versace has been operating at a loss. The merger strengthens Italy's hand in the luxury industry led by French ...

The Italian fashion house was purchased for €1.25 bn from Capri, which is restructuring after a failed merger with Tapestry.

Prada is seeking to expand, having defied a slowdown in luxury demand, while Versace has been operating at a loss. The merger strengthens Italy’s hand in a luxury industry led by French conglomerates.

Models wear creations as part of the Versace Fall/Winter 2025-2026 Womenswear collection presented in Milan, Italy, Friday, Feb. 28, 2025. (AP Photo/Luca Bruno)(Luca Bruno / AP) The deal will put ...

Prada's Versace deal revives hopes for 'Made in Italy' champion Italy lacks rival to French giants, despite luxury prowess Deal marks strategic shift for Prada under CEO Andrea Guerra MILAN ...

Two of Italy’s biggest fashion houses are joining forces, as Prada acquires Versace for €1.25 billion set to reshape the ...

Versace represented 20% of Capri Holdings 2024 ... "An historic ‘Made in Italy’ brand is Italian again,'' Industry Minister Adolfo Urso said. On the latest episode of "Sarra Sounds Off ...

The Prada Group announced a deal Thursday to buy Italy's Versace from the U.S. luxury group Capri Holdings under terms that value the fashion house at 1.25 billion euros ($1.4 billion).

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