Prada to buy Versace for 1.25 bn euros to create new force in Italian fashion

[Article] Noces glamour dans le luxe milanais entre Prada et Versace


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Prada to buy Versace for 1.25 bn euros to create new force in Italian fashion.
Prada said Thursday that it had reached a deal to buy Versace for 1.25 billion euros ($1.38 billion), building a new Italian fashion powerhouse and hoping to insert much-needed "spark" into its smaller, flashier rival.
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This article was published Friday, 11 April, 2025 by AFP
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Capri, which also owns Jimmy Choo and Michael Kors, had to accept a reduced price from Prada amid the market turmoil caused by US President Donald Trump's tariffs

Capri, which also owns Jimmy Choo and Michael Kors, had to accept a reduced price from Prada amid the market turmoil caused by US President Donald Trump's tariffs


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