The Zhitong Finance App learned that Prada (01913.HK) completed a deal to acquire Versace from Capri Holdings (CPRI.US) for $1.25 billion this week. Capri bought the Versace brand for $2 billion in 2018. The company decided to divest the brand during the difficult post-pandemic period. In fiscal year 2025, Versace's revenue fell 15% to $193 million, and its business clashed with the trend of “low-key luxury.” Meanwhile, Prada achieved 17% revenue growth last year (to 5.4 billion euros), thanks to Miu Miu's business promotion. The company expects Versace to increase its pro-forma revenue (pro-forma revenue) by 13% while untapped growth potential by integrating the Italian supply chain.

The Zhitong Finance App learned that Prada (01913.HK) completed a deal to acquire Versace from Capri Holdings (CPRI.US) for $1.25 billion this week. Capri bought the Versace brand for $2 billion in 2018. The company decided to divest the brand during the difficult post-pandemic period. In fiscal year 2025, Versace's revenue fell 15% to $193 million, and its business clashed with the trend of “low-key luxury.” Meanwhile, Prada achieved 17% revenue growth last year (to 5.4 billion euros), thanks to Miu Miu's business promotion. The company expects Versace to increase its pro-forma revenue (pro-forma revenue) by 13% while untapped growth potential by integrating the Italian supply chain.