The manufacturer of the luxury clothing brand Capri Holdings Ltd announced the conclusion of a definitive agreement to purchase the Italian brand Versace from the fashion house Prada. The deal is worth approximately $ 1.4 billion and is expected to close in the second half of 2025.
Capri Holdings Ltd has owned Versace since 2018.
Prada is an Italian company specializing in the production of luxury clothing, shoes and accessories. It was founded in Milan in 1913 by Miuccia Prada. The granddaughter of the founder of the house Mario Prada, she is the creative director of Prada and also the creative director of Miu Miu. In April 2024, she was appointed CEO of Prada.
The fashion house Versace was founded in 1978. by Italian fashion designer Gianni Versace, who was shot by a serial killer on the doorstep of his own home in 1997. The master's work was continued by his younger sister Donatella, who left her post as creative director of Versace in March 2025.