NEWS: Prada is buying Versace in a $1.4 billion all-cash deal.
NEWS: Prada is buying Versace in a $1.4 billion all-cash deal.
The bold move adds another iconic label to Prada Group’s portfolio—which already includes Prada and Miu Miu—and cements its spot in the global luxury power rankings.
The deal is expected to close in the second half of 2025.
Versace, which brought in $1.03B in revenue last year but saw profits drop 83%, has struggled under Capri Holdings. Prada plans to keep Versace’s bold creative DNA while using its own global retail muscle and operational scale to spark a turnaround.
The deal will be financed with $1.6B in new debt, and follows leadership changes at Versace—including Donatella stepping down as Chief Creative Officer.
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Let’s prepare for mass destruction
Sounds strategic !
It’s a catastrophic miscalculation.
Owners, Captains, Managers: Carrying Art? EU Customs Will Be Watching (New Import Rules from June 28, 2025)
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🔹 It’s entering EU waters (incl. Temporary Admission)
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Hoe meer wetenschap hoe beter immers.
Als wetenschapper kan ik alleen maar blij zijn dat 'Frankrijk en de Europese Unie op grote schaal wetenschappers uit de VS willen aantrekken', nietwaar?