International News
Prada Secures Versace in Landmark $1.38 Billion Deal
The acquisition brings two iconic Italian houses together as Prada aims to strengthen its global footprint and revive Versace’s slowing momentum.
In a major shake-up for the global luxury fashion industry, Prada has officially acquired Versace in a deal valued at $1.38 billion, uniting two of Italy’s most influential style powerhouses. The acquisition price reflects a steep drop from the nearly $2 billion Capri Holdings paid when it took control of Versace in 2018.
For Prada, the addition of Versace marks a strategic expansion of its luxury portfolio—already home to Miu Miu—as it seeks to compete more aggressively with global giants like LVMH, the parent company of Louis Vuitton, Dior, and Fendi. The move comes at a pivotal time for Versace, which has experienced slowing sales and a shift in creative direction in recent years.
Versace underwent significant transformation under Capri Holdings, embracing a more understated aesthetic in place of its signature bold, baroque designs, while simultaneously pushing prices upward. The brand also saw a major leadership change earlier this year when Donatella Versace exited her role as creative director after nearly three decades. Her successor, Dario Vitale—previously a design director at Miu Miu—has begun steering the house into its next chapter.

The sale marks a roughly $700 million loss for Capri Holdings, which said the proceeds will be used primarily to reduce its debt and strengthen its financial position. “We plan to use the proceeds to repay the majority of our debt,” said Capri CEO John D. Idol.
Prada, which described the acquisition as fully approved and completed, sees significant long-term opportunity in reviving Versace’s global appeal. CEO Andrea Guerra previously noted the brand’s “enormous potential” but acknowledged that rebuilding momentum will require patience and focused execution.
With this deal, Italy’s luxury fashion arena enters a new era—one defined by consolidation, reinvention, and heightened competition on the world stage.
International News
Van Cleef & Arpels Gives Its Iconic Alhambra a Pink Enamel Makeover
The Maison Introduces Five New Alhambra Creations Featuring Translucent Pink Enamel and Yellow Gold
Van Cleef & Arpels has unveiled a vibrant new chapter for its iconic Alhambra collection, introducing translucent pink enamel to the signature four-leaf clover motif for the first time. The new creations combine the Maison’s emblem of luck with yellow gold, bringing a fresh, contemporary expression to the enduring design.
The new five-piece selection comprises a Vintage Alhambra pendant, five-motif bracelet, 10-motif necklace, 20-motif long necklace and Magic Alhambra two-motif earrings. The earrings additionally feature guilloché yellow gold, adding texture and contrast to the pink enamel.



The distinctive pink is the result of several years of research at Van Cleef & Arpels’ enamel workshops. Inspired by the historic 17th-century “gold-ruby” technique, the colour is created using fine particles of gold rather than traditional pigments. Carefully controlled particle size, shape and concentration produce the desired translucent hue.
Adding to its visual depth, the enamel contains tiny bubbles, giving each Alhambra motif a distinctive character while creating subtle variations as the surface catches and reflects light. The motifs are framed by the Maison’s signature gold beaded contours, further enhancing the interplay between the pink enamel and yellow gold.
Since its debut in 1968, Alhambra has continually evolved through different stones, materials and colours while retaining its instantly recognisable four-leaf clover silhouette. The introduction of enamel marks another significant step in that evolution, bringing together heritage craftsmanship, technical innovation and contemporary colour.
With its new pink interpretation, Van Cleef & Arpels continues to reinvent one of jewellery’s most recognisable motifs, demonstrating how traditional savoir-faire can give a familiar icon an entirely new expression.
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