Finance
Prada moving closer to $1.6 billion deal for Versace, Bloomberg News reports
Published by Global Banking & Finance Review®
Posted on March 2, 2025
2 min readLast updated: January 25, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 2, 2025
2 min readLast updated: January 25, 2026
Prada is close to acquiring Versace for $1.6 billion from Capri Holdings, with a potential deal finalization in March.
(Reuters) - Italian luxury group Prada is moving closer to a deal to buy Versace from upmarket fashion group Capri Holdings after agreeing to a price of nearly 1.5 billion euros ($1.6 billion), Bloomberg News reported on Sunday.
Prada and Capri - also owner of brands including Jimmy Choo and Michael Kors - could finalise a deal for Versace in March, the report said, citing unnamed sources.
Talks between the two companies are progressing after initial due diligence did not show any risks, Bloomberg reported, adding that the timing and deal value could change and discussions could still fall apart.
Prada declined to comment, Capri did not immediately respond to a request for comment outside regular business hours.
Numerous fashion companies are potentially interested in buying Versace, Miuccia Prada, owner of the Italian luxury group that bears her name, said last week.
In February, Reuters reported exclusively that the Italian luxury group was given preferential access, ahead of other potential suitors, to the financial data of Versace, after Capri Holdings put it up for sale.
Capri Holdings bought Versace in 2018 for 1.83 billion euros including debt.
($1 = 0.9639 euros)
(Reporting by Gursimran Kaur in Bengaluru; Editing by David Holmes)
The deal is estimated to be nearly 1.5 billion euros, which is approximately $1.6 billion.
The deal could potentially be finalized in March, according to reports.
Initial due diligence did not show any risks, indicating that talks between the two companies are progressing.
Versace is currently owned by Capri Holdings, which also owns brands like Jimmy Choo and Michael Kors.
Capri Holdings acquired Versace in 2018 for 1.83 billion euros, including debt.
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