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Prada Nears Approval of Versace Deal

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The Prada Group announced a deal Thursday to buy crosstown Milan fashion rival Versace from the U.S. luxury group Capri Holdings under terms that values one of the most recognizable names in Italian ...
From The Associated Press
Capri, which is grappling with debts and weak market demand, was previously blocked by the FTC from selling itself to Coach owner Tapestry for $8.5 billion in 2023.
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Prada agrees to buy rival fashion house Versace in $1.4B dealn
The Prada Group announced a deal Thursday to buy crosstown Milan fashion rival Versace from the U.S. luxury group Capri Holdings under terms that values
Prada buys high fashion rival Versace for $1.4 billion
Prada will buy rival fashion house Versace for $1.4 billion in a deal uniting the two biggest names in Italian luxury, the brands announced Thursday. The deal is part of a series of shakeups at Versace, where longtime creative leader Donatella Versace stepped aside last month.
Prada to Buy Versace in $1.38B Deal That Shakes Up Luxury Fashion World
Capri Holdings, which also owns Jimmy Choo and Michael Kors, says that it will use the cash from the deal to invest in its other brands.
Tariffs send Versace to the sale rack.
Prada is reportedly set to acquire Versace from Capri Holdings for $1.38 billion, scoring a $200 million discount on the previous valuation of the deal due to global trade uncertainties. Capri, which is grappling with debts and weak market demand,
Prada to Buy Versace for Nearly $1.4 Billion
On Thursday, in the biggest luxury deal of the year, Prada announced it was buying Versace for 1.25 billion euros ($1.38 billion) from Capri Holdings, a beleaguered New York group that at one point styled itself as the American answer to the great fashion groups of France.
Prada to buy rival fashion brand Versace for $1.36bn
Prada has agreed to buy its smaller rival Versace in a billion dollar deal to unite two of the biggest designer fashion labels. The deal to unite the two Italian brands has an estimated value of $1.36bn (£1.
Prada buys Versace for $1.38 billion to form luxury leader
The purchase, the largest in Prada’s 112-year history, returns Versace to Italian ownership and could put the company in a better position to compete with bigger luxury rivals such as LVMH and Kering SA.
InStyle on MSN14h
Miuccia, Meet Donatella: Prada Is Buying Versace for $1.375 Billion
Prada group announced plans to acquire Versace from Capri Holdings on April 10 just a month after Donatella Versace stepped down as creative director. Here's what the future might look like for the Italian fashion house.
Daily Front Row11h
Prada’s Billion-Dollar Versace News, Vanity Fair’s Next EIC, Plus! The Row Launches Home!
From Prada's major Versace acquisition to Staud's collab with The St. Regis Hotel, discover all the chic news to know today.
YEN.com.gh on MSN15h
Miuccia Prada's path from activist to top designer
As a student in the volatile May of 1968, Miuccia Prada took to the streets of Milan to demonstrate for women's rights wearing an Yves Saint Laurent suit. Ironically, her first women's ready-to-wear show in Milan in 1988,
Yahoo13d
Prada Expands New York Footprint With Dedicated Men’s Store on Fifth Avenue
The concrete facade links the existing 12,700-square-foot store, which continues to house the women’s offering and the Prada Fine Jewelry Eternal Gold collection, to this new men’s space. The men’s entrance, which is entirely separate, is framed by ...
V Magazine7d
Prada Opens Men’s Store On Fifth Avenue
Prada is opening a dedicated men’s store right next door to their pre-existing Fifth Avenue location in New York City. Prada’s men’s collection will be on display across two floors, and ready-to-wear, footwear, leather goods, and more will be available for purchase at the store, along with lifestyle products and specialty items.
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