Prada announces €1.25bn purchase of fashion rival Versace

Prada announces €1.25bn purchase of fashion rival Versace
Prada has bought Versace (Nick Ansell/PA)
Tue, 02 Dec, 2025 - 11:18
Colleen Barry, Associated Press

The Prada Group has announced that it has purchased Milan fashion rival Versace in a €1.25bn deal.

The move is expected to relaunch Versace’s fortunes after average post-pandemic performance as part of US luxury group Capri Holdings.

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