Prada Group bought Versace in a deal valued at approximately $1.36 billion to $1.38 billion, acquiring 100% of the brand from Capri Holdings. The agreement was announced in April 2025 and is expected to close in the second half of 2025, pending regulatory approvals
. This acquisition unites two iconic Italian luxury fashion brands and aims to create a powerhouse capable of competing with major French luxury groups like LVMH and Kering. Prada intends to maintain Versace's creative DNA and cultural authenticity while leveraging Prada's industrial capabilities and retail expertise to grow the brand
. Previously, Versace was owned by Capri Holdings, which acquired it in 2018 for about $2.1 billion. Capri Holdings also owns Michael Kors and Jimmy Choo. The sale to Prada reflects a strategic move by Capri to focus on its other brands and strengthen its balance sheet
