Prada Acquires Versace for $1.25B

Prada Acquires Versace for $1.25 Billion, Unites Two Italian Fashion GiantsPrada, the Italian luxury brand, has acquired Versace for $1.25 billion, marking the largest acquisition in Prada Groups history. This deal ends Versaces seven-year tenure with Capri Holdings and brings the iconic fashion house, known for its Medusa head logo, into Pradas Milanese fashion empire. The acquisition prevents Versace from being absorbed by French luxury giants and ensures its identity remains intact, with Prada planning a phased relaunch and integrating Versace into its extensive manufacturing and supply chain.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.