Prada buys Versace from Capri Versace spring-summer'24, photo: Footwearnews.com
15.04.2025 3107

Prada buys Versace from Capri

Prada SpA and Capri Holdings Limited have entered into a definitive agreement for the Milanese fashion group to acquire 100% of Versace.

The transaction is expected to be valued at €1,25 billion (GBP1,375 billion) in cash, subject to certain adjustments, and is expected to close in the second half of calendar 2025, subject to customary closing conditions, including regulatory approvals.

Patrizio Bertelli, Chairman and CEO of Prada Group, said: “We are delighted to welcome Versace to the Prada Group and to open a new chapter for a brand with which we share a strong commitment to creativity, craftsmanship and heritage. We aim to continue the Versace legacy by celebrating and reinterpreting its bold and timeless aesthetic; at the same time, we will provide it with a solid platform, supported by years of continuous investment and rooted in long-standing relationships. We are ready to write a new page in the Versace story, based on the values ​​of the group…”.

Marina Shumilina

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Prada SpA and Capri Holdings Limited have entered into a definitive agreement for the Milanese fashion group to acquire 100% of Versace.
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