Prada is reportedly close to a decision on a potential acquisition of Versace, currently owned by Capri Holdings. After gaining limited access to Versace's financials, the negotiations have progressed, with sources suggesting an announcement could occur shortly. The expected price is now estimated at around 1 billion euros, significantly lower than earlier valuations, particularly amid Versace’s continued losses. Recent global tariff changes have also impacted the negotiations, adding complexity to the situation, as both luxury brands aim to strengthen their market positions in a challenging economic climate.
Italian luxury group Prada is finalizing negotiations to potentially acquire rival Versace, focusing on a revised price of approximately 1 billion euros due to recent financial losses.
The potential takeover could unite two major players in Italian fashion, with the announcement expected soon as talks are advanced.
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