Prada Group Announces Acquisition of Versace
Ground-breaking agreement strengthens Prada Group’s position in the global luxury market
Milan, April 10th 2025– The Prada Group is pleased to announce that it has reached an agreement with Capri Holdings Ltd. for the acquisition of the iconic Italian luxury brand, Versace.
This strategic acquisition represents a significant milestone for Prada Group as it continues to expand its footprint and influence in the global luxury fashion industry.
The Acquisition Of Versace Is A Testament To Prada Group’s Vision To Create A More Unified And Comprehensive Luxury Portfolio, Blending Timeless Italian Craftsmanship With Modern Innovation.
Once finalised, the deal will enable both brands to leverage shared expertise and synergies while maintaining their unique identities and creative direction.
“We are delighted to welcome Versace to the Prada Group and to build a new chapter for a brand with which we share a strong commitment to creativity, craftmanship and heritage.” said Patrizio Bertelli, CEO of Prada Group. “We aim to continue Versace’s legacy celebrating and re-interpreting its bold and timeless aesthetic; at the same time, we will provide it with a strong platform, reinforced by years of ongoing investments and rooted in longstanding relationships. Our organisation is ready and well positioned to write a new page in Versace’s history, drawing on the Group’s values while continuing to execute with confidence and rigorous focus.”
The integration of Versace into the Prada Group will focus on bolstering sustainable practices in production and distribution by building on both brands’ existing efforts to ensure environmentally responsible luxury.
This acquisition also aims to deliver long-term value for stakeholders and offer a wider array of creative expressions to luxury consumers worldwide.
Prada Group will work closely with Versace’s leadership team to ensure a seamless transition and alignment of strategic objectives.
Capri Holdings has expressed its confidence in Prada Group’s stewardship of the Versace brand, affirming that the agreement marks a step forward for luxury fashion excellence.
About Prada Group
Prada Group is one of the world’s leading luxury groups, operating a range of internationally recognised brands including Prada, Miu Miu, Church's, and Car Shoe.
Renowned for its innovation, dedication to craftsmanship, and commitment to sustainability, Prada Group leads the way in redefining the boundaries of style.
About Versace
Versace, founded in 1978, is a global symbol of Italian luxury, known for its bold designs, vibrant patterns, and unrivalled glamour.
Built on the passion and vision of its founder, Gianni Versace, the brand continues to push the boundaries of fashion under its current creative leadership.
