US EditionThe Weekly Closeout: Prada Closes Versace Deal and Somnigroup Offers to Buy a Supplier
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3 Articles
It's an iconic alliance that beats the maps of the Italian luxury landscape. Prada completed the acquisition of Versace, giving birth to a new fashion giant weighing more than €6 billion in turnover. The post Luxe: Prada completes the acquisition of Versace appeared first on LesEco.ma.
The Prada Group Buys Versace In $1.4B Deal Aimed At Revitalizing The Rival Luxury Brand
The Prada Group finalized its $1.38 billion cash acquisition of Milan luxury fashion rival Versace on Dec. 2, 2025, after securing all regulatory approvals, The Associated Press (AP) reports. Prada — known for its minimalist aesthetic and use of unconventional materials — said the 47-year-old Versace label, famed for its maximalist aesthetic and sensual silhouettes, holds “significant untapped growth potential,” per AP. Donatella Versace, the br…
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