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Prada completes acquisition of rival Versace

Prada on Tuesday announced it has completed the acquisition of Italian luxury rival Versace, a brand the group said it had pursued for years. The fashion house reached a definitive agreement in April to buy Versace from U.S.-based Capri Holdings for about €1.3 billion ($1.51 billion), after Capri’s planned sale to Tapestry collapsed following antitrust […]

monwubukepdnlimited-com
2nd December 2025
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Business

Prada to buy Versace for $1.4b

The Prada Group has announced its acquisition of Italy’s Versace from Capri Holdings for 1.25 billion euros ($1.4 billion). Prada stated that Versace’s recognizable aesthetic complements its existing portfolio, which includes the Prada and Miu Miu brands, and offers significant growth potential. The final value of the deal will be adjusted at closing, anticipated in […]

monwubukepdnlimited-com
10th April 2025
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Tag: Prada

Prada completes acquisition of rival Versace

Prada to buy Versace for $1.4b

Only qualified bidders will advance in 2025 licensing.

British Airways plane loses wheel after take-off in.

Lagos business mogul Otunba Adekunle Ojora dies at.

FG approves two new satellites for $1tn economy.

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