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Prada Group (I Pellettieri d'Italia) News Monitoring

  • Published on Apr 11, 2025

    Versace Sold to Prada

    Capri Holdings Ltd. (London) said it has entered a definitive agreement to sell Italian fashion house Versace (Milan) to its crosstown compatriot/competitor Prada Group for $1.375 billion in cash. The deal is expected to close in the second half of …

    Source: INSTOREMAG - Neutral
  • Published on Apr 11, 2025

    New acquisition: Prada buys Versace and takes the lead in Italian fashion!

    Italian fashion house Prada reached an agreement on Thursday to acquire its smaller rival Versace from Capri Holdings for $1,375 billion, including debt. The merger unites two of the biggest names in Italian fashion. Prada is seeking expansion as it faces …

    Source: Entrevue - Indeterminate
  • Published on Apr 11, 2025

    Prada's luxury empire after planned $1.38 billion Versace acquisition

    On Thursday, Prada (PRDSY) formally agreed to buy Versace from US luxury conglomerate Capri Holdings (CPRI) for $1.38 billion, uniting the two Italian fashion brands under one roof. The transaction, which is expected to close in the second half of the year …

    Source: Yahoo Finance - Pending
  • Published on Apr 11, 2025

    Prada Buys Rival Fashion Brand Versace In A $1.38 Billion Landmark Deal

    Last Updated:April 11, 2025, 10:14 IST The negotiations to buy Versace between Prada and Capri had begun in February. With this acquisition, they are aiming to outshine French fashion giants. This deal is one of the biggest mergers in the fashion industry. …

    Source: News18 - Center-right
  • Published on Apr 11, 2025

    Fur is back. Is this the end of ‘woke’ fashion?

    Animal rights organisation PETA has no issue with the rise in popularity of faux fur, as long as luxury labels such as Gucci, Prada and Chanel continue banning the use of real fur in their collections. Gucci banned fur in 2017, Prada in 2019 and Chanel in …

    Source: The Sydney Morning Herald - Neutral
  • Published on Apr 11, 2025

    Prada Snaps Up Versace in €1.25 Billion Bid to Outshine LVMH

    By The Malketeer Minimalism Meets Maximalism as Prada Bets Big on Reviving a Fading Icon In a move that’s shaking up the global luxury landscape, Prada has acquired its flamboyant Italian rival Versace for €1.25 billion, signalling a bold new chapter in …

    Source: Marketing Magazine - Neutral
  • Published on Apr 11, 2025

    Prada is buying Versace for $1.38b

    Two houses, one stucco roof: One of the most prestigious names in luxury is acquiring one of the other most prestigious names in luxury, the Milan-based brands announced yesterday, in a bid to fortify Italy’s fashion industry and challenge France’s haute …

    Source: Morning Brew - New York - Center-left
  • Published on Apr 10, 2025

    Here’s What You Missed at Barcelona Fashion Week

    New Yorkers are jaded. It’s a cliché, but it’s kind of true: the Devil Wears Prada–esque fashion stereotypes hold meaning when you zoom out and get some context outside of your New York bubble. That’s what made 080 Barcelona Fashion so refreshing. Even in …

    Source: Papermag - Neutral
  • Published on Apr 10, 2025

    Prada Group to Acquire Versace for €1.25 Billion

    Prada Group has agreed to acquire Versace from Capri Holdings for €1.25 billion ($1.38 billion), the companies said in a statement Thursday. Prada is borrowing an additional €250 million to invest in relaunching Versace, which turned loss-making last year …

    Source: Retail & Leisure International - Pending
  • Published on Apr 10, 2025

    Versace’s ‘Quiet Luxury’ Blunder Opened Door to Prada Takeover

    (Bloomberg) -- Fashion executive John Idol thought Versace leaned too much on ornate designs and aimed to fix it by dialing things down, then boosting prices. When his company, Capri Holdings Ltd., acquired the fashion house in 2018, he said his strategy …

    Source: Mint - Neutral
  • Published on Apr 10, 2025

    Prada purchases Versace in $1.4 billion deal

    April 10 (UPI) -- The high-end Italian fashion house Prada announced Thursday it has purchased its rival Italian luxury fashion company Versace. Prada paid $1.375 billion in cash for the acquisition that is "expected to close in the second half of …

    Source: United Press International (UPI) - Neutral
  • Published on Apr 11, 2025

    Versace’s failed ‘quiet luxury’ move opened door to Prada

    Luxury fashion brand was sold for a $700m loss with sales growth off course since Capri’s 2018 take-over When his company, Capri Holdings, acquired the fashion house in 2018, he said his strategy would double the brand's revenue over the next decade. …

    Source: Irish Independent - Center-right
  • Published on Apr 10, 2025

    Prada Group Officially Acquires Versace

    After months of speculation and inside talks, Italian luxury parent Prada Group has officially acquired Versace from Capri Holdings. For a price of €1.25 billion, Versace will join the company’s portfolio of flagship brands, including Prada and Miu Miu. …

    Source: Hypebeast - Neutral
  • Published on Apr 10, 2025

    Prada to acquire Versace in $1.4 billion

    On Thursday, the Prada Group announced an agreement to acquire Italian fashion label Versace from U.S.-based luxury conglomerate Capri Holdings in a deal valuing the brand at 1.25 billion euros (approximately $1.4 billion). Prada described Versace’s “ …

    Source: United News of Bangladesh - Indeterminate
  • Published on Apr 11, 2025

    Prada to buy Versace for 1.25B euros to create new force in Italian fashion

    MILAN, Italy — Prada said Thursday that it had reached a deal to buy Versace for 1.25 billion euros ($1.38 billion), building a new Italian fashion powerhouse and hoping to insert much-needed "spark" into its smaller, flashier rival. The much …

    Source: The Manila Times - Indeterminate
  • Published on Apr 11, 2025

    Prada’s Billion-Dollar Versace News, Vanity Fair’s Next EIC, Plus! The Row Launches Home!

    5 Prada Group Acquires Versace for €1.2 Billion! Versace’s got a brand-new home: Prada! Today, Prada S.p.A. (AKA, Prada Group) has announced its full acquisition of Versace from Capri Holdings for €1.25 billion, which could change before the deal closes. …

    Source: The Daily Front Row - New York - Neutral
  • Published on Apr 11, 2025

    Luxury fashion giant agrees to buy rival brand for over $1B

    A global luxury fashion giant agreed to strut and purchase its rival for over $1 billion. Prada has agreed to purchase rival luxury brand Versace from Capri Holdings for $1.38 billion Thursday morning, according to a company press release. The deal was …

    Source: MassLive.com - Massachusetts - Center-right
  • Published on Apr 11, 2025

    NEWS Prada Buys Versace for $1.4 Billion

    In a sartorial merger that blends sensual sex appeal with the intellectual uniform, Prada has officially purchased Versace for €1.25 billion (approximately $1.4 billion). What is arguably the biggest fashion acquisition of the year, the deal was announced …

    Source: ELLE - Left-wing
  • Published on Apr 11, 2025

    Power play: Prada to buy Versace, uniting luxury brands

    Prada will buy Versace for EU€1.25 billion (A$2.254 billion), uniting two of the largest Italian fashion houses. Versace is currently owned by Capri Holdings, which also owns Jimmy Choo and Michael Kors. The company has posted significant losses in revenue …

    Source: Azzet - Pending

06 days 10:40:18

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  • Published on April 15, 2025 - 13:41 GMT

    EU Asks Staff to Use Minimal Tech on US Trips

    (MENAFN) In response to rising concerns about surveillance, the European Union has recommended that personnel traveling to the United States carry only essential electronic equipment and information technology tools, based on a report by a news website on …

    Distribution channels: ...
  • Published on April 15, 2025 - 13:41 GMT

    EU Country Strengthens Ban on LGBTQ+ Public Gatherings

    (MENAFN) The Hungarian legislature has formally endorsed a constitutional revision that reinforces an existing restriction on LGBTQ+ public demonstrations. This measure cements a previous law that was already limiting such public expressions within the …

    Distribution channels: ...
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