Versace Joins Prada Group in a $1.38 Billion Move

Prada Group has officially completed its acquisition of Versace from Capri Holdings, closing a deal valued at around $1.38 billion and bringing one of Italy’s most famous fashion houses under the Prada umbrella. First announced in April 2025 with an agreed enterprise value of €1.25 billion (about $1.375 billion), the transaction has now cleared all regulatory approvals and marks one of the biggest luxury consolidations of the decade.

What Prada bought and how the deal was structured

Under the terms of the agreement, Prada is acquiring 100% of Versace on a debt‑ and cash‑free basis, paying a consideration based on an enterprise value of €1.25 billion. The final price is subject to customary closing adjustments linked to Versace’s net working capital and net financial position. Capri, which bought Versace in 2018 at an enterprise value of about €1.83 billion, will use the proceeds to pay down debt and refocus on…