In a bold move redefining the luxury fashion landscape, Prada has struck a deal to acquire 100% of iconic Italian brand Versace from Capri Holdings for an enterprise value of €1.25 billion. The transaction, expected to close in the second half of 2025, signals a powerful consolidation in high fashion.
Prada will fund the entire acquisition through €1.5 billion in newly raised debt, including a €1 billion term loan and a €500 million bridge facility—striking a balance between bold expansion and financial flexibility as it grows its luxury fashion empire.
Founded in 1978, Versace has long stood for daring glamour and Italian craftsmanship. Prada emphasized that it intends to preserve Versace’s bold creative identity while leveraging its own global infrastructure to unlock the brand’s untapped growth potential.
“We’re thrilled to welcome Versace into our family,” said Prada Group Chairman Patrizio Bertelli. “We share a passion for creativity, heritage, and craftsmanship.”
Prada CEO Andrea Guerra called the acquisition a “new dimension” in the group’s evolution. “Versace’s potential is immense, but evolution takes time, focus, and discipline,” he said.
The strategic acquisition not only adds a high-impact brand to Prada’s portfolio—already home to Prada and Miu Miu—but also strengthens its position against competitors in an increasingly competitive and shifting luxury market.
Capri Holdings, which bought Versace in 2018 for approximately $2.1 billion, said the sale aligns with its portfolio rebalancing strategy amid evolving consumer trends and industry pressures.
