That’s a major shake-up in the luxury fashion world. Prada acquiring Versace is definitely symbolic — kind of a passing of the guard and a realignment of Italian power in an industry that’s been dominated by French giants like LVMH and Kering for years.
The $1.375 billion price tag is interesting too — a significant markdown from what Capri paid back in 2018. That says a lot about Versace’s struggles under Capri Holdings, and maybe also about how eager Prada was to capitalize on the opportunity while still being cautious. They’re clearly betting that their platform, discipline, and patient execution can turn things around.
Donatella Versace stepping down marks the end of an era — 28 years at the creative helm! It’ll be fascinating to see who Prada installs to lead the brand’s aesthetic going forward, especially as they try to blend Versace’s iconic maximalism with Prada’s more restrained, minimalist DNA.
Do you follow fashion closely, or was this deal just something that caught your eye?