Prada Group Inches Closer to $1.6 Billion USD Deal for Versace

Update (3/3/2025): After spending several weeks evaluating Donatella Versace's Italian fashion house, Prada Group is inching toward closing a deal to buy Versace from its current owner, Capri Holdings Ltd. According to "people close to the matter" via BoF, Prada has agreed to a price of almost €1.5 billion EUR ($1.6 billion USD).Conversations are now entering the next phase after initial due diligence did not identify any risks, per the outlet's anonymous sources. Prada and Capri could reach a...