Prada Strikes $1.4 Billion Deal for Versace

 

Deal talks had been dragging on with market turmoil

By 

Lauren Thomas

 and 

Ben Dummett

Updated April 10, 2025 8:44 am ET

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Versace, which was founded more than 40 years ago, is known for its flashy and sometimes risqué designs PHOTO: CYRIL MARCILHACY/BLOOMBERG NEWS

Prada 1913 4.93%increase; green up pointing triangle said it would acquire Versace from fashion conglomerate Capri Holdings CPRI -10.27%decrease; red down pointing triangle for $1.38 billion, salvaging a deal that was at risk of collapsing because of the market upheaval.

The deal was announced Thursday, confirming an earlier report by The Wall Street Journal.

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