On April 10, Prada Group officially announced that it has reached a definitive agreement to acquire the Italian luxury brand Versace from U.S.-based Capri Holdings.
Tag: Versace
On March 13, Italian luxury brand Versace announced the appointment of Dario Vitale, former Design & Image Director at Miu Miu, as its new Chief Creative Officer (CCO).
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.
Tapestry, the parent company of Coach, is acquiring Capri Holdings, which owns fashion brands such as Michael Kors, Versace, and Jimmy Choo. The purchase price is approximately $8.5 billion.