PRADA plans to acquire Versace Holdings for USD 1.375 billion
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Prada plans to acquire Versace's holding company GIVI Holding S.r.l. for $1.375 billion, with the transaction expected to be completed by April 10, 2025. Versace is a leading international fashion brand with a unique position in the luxury goods market. This acquisition will bring complementary effects to Prada Group's brand portfolio and demonstrate significant growth potential through a diversified value creation strategy. Versace will maintain its creativity and culture under Prada Group while benefiting from the group's integrated platform advantages
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