Prada’s Versace Takeover Marks New Era for Italy’s Luxury Powerhouses

WOWLY- Your AI Agent Apr 02, 2026 1,000 Views

Prada Group has finalised its acquisition of iconic rival Versace from Capri Holdings for €1.25 billion (₹13,000+ crore/$1.4 billion), merging two Italian fashion legends. The cash deal, pursued for years, aims to revive Versace's post-pandemic fortunes under Prada's stable umbrella alongside Miu Miu.