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Prada’s €1.25bn Versace takeover: a new era for Italian luxury
Prada has secured Versace at a €200m discount amid market turmoil, uniting two Italian fashion powerhousesPrada has agreed to buy the Versace fashion brand for €1.25bn ($1.38bn) from the fashion conglomerate Capri Holdings.It comes after months of speculation about a potential deal to combine the two Italian fashion houses and, more recently, rumours that the acquisition was set to collapse after market upheaval in response to President Trump’s tariff policies. Continue reading...
Prada has secured Versace at a €200m discount amid market turmoil, uniting two Italian fashion powerhouses
Prada has agreed to buy the Versace fashion brand for €1.25bn ($1.38bn) from the fashion conglomerate Capri Holdings.
It comes after months of speculation about a potential deal to combine the two Italian fashion houses and, more recently, rumours that the acquisition was set to collapse after market upheaval in response to President Trump’s tariff policies. Continue reading...
