Italian luxury brand Prada is reportedly in negotiations to acquire Versace from Capri Holdings. According to Bloomberg, the deal could be worth up to €1.5 billion (approximately $1.6 billion), with a potential agreement expected within this month.
Tag: Prada
On October 30, 2024, Prada Group, based in Milan, announced it had achieved a remarkable 18% year-over-year increase in net revenue for the nine months ending September 30, defying the prevailing downturn in the luxury market.
Prada and Miu Miu ranked first and second respectively in the latest Lyst Index, the world’s hottest brands and products in the fashion industry, for the fourth quarter of 2023 (October to December).
On December 12, Prada Group announced its participation in the United Nations Global Compact Initiative.
Prada released a new fragrance, Prada Paradoxe, and held a pop-up event from August 26th to 28th, 2022 at Gansevoort Plaza, New York.
At the pop-up, the entire venue is in the shape of a triangle that symbolizes the brand’s logo, just like the Prada Paradox fragrance bottle, and the front is a photo booth area where people can take pictures with the huge logo of Prada.