Target Information

Prada Group has reached an agreement to acquire the renowned Italian fashion house Versace from Capri Holdings in a deal valued at approximately 1.25 billion euros ($2.2 billion). This acquisition signifies a return of one of Italy's most iconic fashion labels to homegrown management, as it was previously sold to Capri Holdings, then known as Michael Kors, in 2018 for $2.15 billion, inclusive of debt. Founded in 1978 by the late Gianni Versace, the brand has maintained its status as a significant player in the luxury sector.

In a strategic move, Prada hopes to leverage Versace’s distinctive aesthetic and market appeal, describing it as a