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

The deal is a big bet on the value of “Made in Italy.” By Vanessa Friedman On Thursday, in the biggest luxury deal of the year, Prada announced it was buying Versace for 1.25 billion euros ($1 ...

Capri Holdings' recent sale of Versace to Prada for $1.375 billion is expected to positively impact earnings by reducing debt and potentially initiating ...

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 ...

The Prada Group has agreed to buy Italy's Versace from Capri Holdings in a deal valued at 1.25 billion euros ($1.4 billion).

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 ...

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 ...

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).

rada struck a $1.375 billion deal to buy smaller rival Versace from Capri Holdings on Thursday, including its debt, in a move ...

Prada acquires Versace for $1.375 billion, including debt Deal strengthens Italy's position in luxury fashion industry Prada aims to expand Versace's potential with disciplined execution US Capri ...