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Prada, Versace

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Prada agrees to buy fashion rival Versace

The price Prada has agreed to pay is a big discount to the roughly $2.15 billion including debt that US-based Capri, then known as Michael Kors, paid for Versace in 2018 when it was sold by the Versace family and Blackstone.

The New York Times · 1d

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.

Marketplace · 7h

What Prada's purchase of Versace can tell us about the luxury market

Can you mix Prada with Versace, or is that a fashion faux pas? One iconic Italian fashion brand is buying another — the Prada Group announced this week that it’s buying the luxury design house Versace from fashion group Capri Holdings for about $1.4 billion.

Reuters · 1d

Prada’s crisis-era Versace deal still looks pricey

Prada is getting a discount but not a good deal. After weeks of talks with Michael Kors-owner Capri , the Hong Kong-listed Italian group agreed to pay 1.3 billion euros ($1.4 billion) for Versace. Given Capri paid $2 billion for the brand famous for its Medusa logo in 2018,

Wall Street Journal · 23h

Prada Hits the FTC With a Handbag

The purchase of Versace exposes the agency’s antitrust blunder.

Bloomberg L.P. · 1d

Versace’s ‘Quiet Luxury’ Blunder Opened Door to Prada Takeover

Fashion executive John Idol thought Versace leaned too much on ornate designs and aimed to fix it by dialing things down, then boosting prices.

Forbes · 1d

Prada Buys Versace From Capri Holdings In Luxury House Switch

Versace is changing hands after Capri Holdings and Prada Group agreed a $1.375 deal, which will see the luxury label join after Capri's collapsed merger with Tapestry.

Yahoo · 1d

What’s Behind the Prada Group 1.25 Billion-euro Deal to Buy Versace

Prada's management sees untapped potential in Versace’s global brand recognition, aiming to evolve its bold aesthetic and leveraging the group’s platform.

The Verge · 1d

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,

7hon MSN

Prada braves tariff uncertainty to clinch $1.4 billion deal for Versace

By Elisa Anzolin, Abigail Summerville and Amy-Jo Crowley MILAN (Reuters) -Prada struck a $1.38 billion deal to buy smaller rival Versace from Capri Holdings on Thursday in a move that unites two of the biggest names in Italian fashion and offers the prospect of enhanced revenues.