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Prada to Acquire Versace in a $1.38 Billion Deal
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Subscribe15 APR 2025 / BUSINESS
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Italian fashion giant Prada has acquired rival Versace for $1.38 billion, marking a significant strategic move within the global luxury fashion industry. This acquisition, despite the declining luxury market and Versace's recent revenue dip, symbolises Prada's ambition to strengthen its position and combat French dominance in the luxury industry, potentially redefining the future of luxury fashion.
In a move that's got fashionistas and financiers alike doing double-takes, Prada just sealed the deal to acquire iconic rival Versace for a spicy $1.38 billion. That’s right, two of Italy’s biggest fashion powerhouses are now under one chic umbrella....
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