Prada Group buys Versace fashion house from its U.S. owner in a deal valued at $1.4 billion ...Middle East

ROME (AP) — The Prada Group announced the purchase of the Versace fashion house from the U.S. luxury group Capri Holding in a cash deal valued at 1.25 billion euros ($1.4 billion.)

Versace has been owned since 2018 by the Capri Holding, which includes Michael Kors and Jimmy Choo.

Capri Holding paid $2 billion for Verace, but had been struggling in the recent era of “quiet luxury’’ to position the stalwart of Italian fashion with its sexy silhouettes and loud patterns.

Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Prada Group buys Versace fashion house from its U.S. owner in a deal valued at $1.4 billion WHEC.com.

Read More Details
Finally We wish PressBee provided you with enough information of ( Prada Group buys Versace fashion house from its U.S. owner in a deal valued at $1.4 billion )

Also on site :

• Who Is FSU Shooting Suspect Phoenix Ikner? What We Know
• Man shot and killed by police in Golden Hill this week identified as Enrique Cortez, 37
• Iran responds to Trump: We’ll defend ourselves