Prada to Buy Versace from Capri

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Prada to Buy Versace from Capri

//house-home.news-articles.net/content/2025/04/21/prada-to-buy-versace-from-capri.html

Published in House and Home on Monday, April 21st 2025 at 23:09 GMT by Vogue
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

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

Prada is set to acquire Versace from Capri Holdings in a deal valued at $1.2 billion, aiming to strengthen its position in the luxury fashion market. This acquisition will allow Prada to expand its portfolio and leverage Versace's iconic status and global appeal. The transaction is expected to be completed by the end of 2023, pending regulatory approvals. This move is part of Prada's broader strategy to consolidate its presence in the luxury sector and capitalize on the growing demand for high-end fashion brands.

Read the Full Vogue Article at:
[ https://www.vogue.com/article/prada-to-buy-versace-from-capri ]