Prada S.p.A. has entered into a definitive agreement to acquire Gianni Versace S.r.l. from Capri Holdings Limited for €1.25 billion ($1.375 billion). This strategic acquisition unites two of Italy’s most iconic fashion houses and is expected to be finalized in the second half of 2025, pending regulatory approvals.

Versace will maintain its creative autonomy under the leadership of newly appointed Chief Creative Officer Dario Vitale. Donatella Versace will transition to the role of Chief Brand Ambassador, continuing her longstanding association with the brand. ​Prada plans to integrate Versace into its existing operational framework while preserving its unique brand identity. This approach aims to leverage Prada’s resources to revitalize Versace’s market presence.

Prada’s acquisition of Versace from Capri Holdings includes all of Versace’s business segments, encompassing its jewelry line. The deal covers Versace’s entire portfolio, which features ready-to-wear fashion, accessories, footwear, fragrances, home furnishings, and jewelry. ​ By integrating Versace’s jewelry offerings, Prada aims to enhance its presence in the luxury accessories market, complementing its existing brands like Miu Miu and Church’s. This comprehensive acquisition allows Prada to leverage Versace’s diverse product range and strong brand recognition to strengthen its position in the global luxury fashion industry.