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PRADA VERSACE ACQUISITION
Versace names Pieter Mulier as Chief Creative OfficerPrada Group has appointed Pieter Mulier as the new Chief Creative Officer of Versace. This marks a new era for the renowned Italian fashion...- Prada completes Versace takeover after long courtshipLorenzo Bertelli, the son of Prada owners Miuccia Prada and Patrizio Bertelli, told Reuters in November that he will become executive chair...
- The biggest luxury deals in recent yearsLuxury giant Kering is selling its fragrance brand Creed to L'Oreal for 4 billion euros, marking a strategic shift. This follows Kering's 2...
- Prada's $1.38 billion Versace deal: A bold statement amid rising tariff wars and global market shiftsPrada's acquisition of Versace for $1.38 billion signals consolidation within Italy's fashion sector amidst heightened competition and new ...
- Prada buys rival Versace for $1.38 billion to create Italian fashion powerhousePrada has agreed to acquire Versace from U.S.-based Capri Holdings for €1.25 billion ($1.39 billion). The deal will create a luxury group w...
- Goldman Sachs to lead €2.5 billion financing for Prada-Versace deal: ReportGoldman Sachs, leading a consortium of banks, is set to provide a 2.5-billion-euro financing line to Prada for its acquisition of Capri Hol...
- Prada wears Versace: Rumblings in the sliding luxury industryThe global luxury industry is experiencing a downturn, with Prada considering acquiring Versace to strengthen its market presence. Versace ...
- Prada shines despite luxury crisis, Versace rumours swirlPrada's net profit surged 25% to 839 million euros in 2024, surpassing analyst expectations. Amid a luxury market slowdown, Prada's strong ...
- Versace would widen Prada's reach but fixes could hit short-term profitsAn acquisition of Versace by Prada could strengthen the Italian luxury group by expanding its brand base and resilience. However, restructu...
- Italy's Prada considering buying Versace from Capri Holdings, daily reportsPrada is eyeing a potential acquisition of Versace from Capri Holdings, with Citi as its adviser. Capri has enlisted Barclays to find poten...
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