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Mon, April 21, 2025
[ Mon, Apr 21st ]: Vogue
Prada to Buy Versace from Capri

Prada to Buy Versace from Capri

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The Italian fashion house was purchased for €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 ]