Asked for a comment, a Versace representative confirmed and said Vitale’s debut collection “will see the house host an ...

Prada , reported a 9% increase in first half net revenues at constant currencies on Wednesday, with its smaller but fast ...

Global luxury fashion group Capri has agreed to divest the Versace brand to Italian fashion group Prada for $1.38bn in cash. The agreement is contingent on regulatory approvals and standard ...

Versace is heading home to Italy. Prada Group has acquired the storied Italian fashion house from Capri Holdings, the companies announced today, for €1.25 billion pending approval.

Prada struck a $1.375 billion deal to buy smaller rival Versace from Capri Holdings on Thursday, including its debt, in a move that unites two of the biggest names in Italian fashion.

Capri's shares have plummeted due to antitrust issues with Tapestry and a leveraged balance sheet, prompting a $1.375 billion Versace sale to Prada. Read more about CPRI stock here.

Despite recent chatter of such an agreement possibly being on the chopping block, Prada will indeed be acquiring Versace. The deal, as first reported by the Wall Street Journal on Thursday, is ...

Versace represented 20% of Capri Holdings 2024 revenue of $5.8 billion. An analyst presentation for the Prada deal said Versace would represent 13% of the Prada Group’s pro-forma revenue, with ...

The Prada Group has agreed to buy rival Versace from the U.S. luxury group Capri Holdings in a deal valuing the Milan fashion house at 1.25 billion euros ($1.4 billion.

Capri announced yesterday it will sell the Versace brand to Prada for $1.375 billion in cash, with the deal expected to close in the second half of 2025, pending regulatory approval.

Although Capri will lose the cash flow that Versace was expected to generate, the cash infusion of $1.375 billion roughly offsets the negative effect on our valuation.