Versace news and archive

Prada results underscore weaker luxury demand

Miu Miu is having a moment. The brand claimed the number one spot on Lyst’s Q2 Hottest Brands Index, with Prada landing just a few places behind in fourth. But while the buzz is real, fuelled by clever styling, viral looks, and a steady stream of celebrity endorsements, it only tells part of the story. Scratch beneath the surface, and Prada...

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Prada Group's H1: Strong performance driven by Miu Miu's growth

Prada Group reported net revenues of 2.74 billion euros. This represents a 9 percent increase in the first half of 2025. Retail sales totalled 2.45 billion euros. This is a 10 percent year-on-year increase, with growth across all geographical areas. Retail sales for the Prada brand decreased by 2 percent year-on-year. Miu Miu achieved a 49...

Culture|In Pictures

Gianni Versace retrospective opens in London

The colourful world and creative legacy of the legendary fashion designer Gianni Versace is being celebrated in a new London exhibition featuring more than 450 rare and vintage Versace pieces, including items worn by celebrities such as Princess Diana, Elton John, and Kate Moss. The 'Gianni Versace Retrospective,' which has already visited the...

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Mergers and acquisitions: PwC says fashion and luxury sector is increasingly selective

Mergers and acquisition operations in the consumer sector are slowing down globally. However, seven mega-deals exceeding 5 billion dollars are boosting overall value. In Italy, 158 transactions were announced in the first five months of 2025. These are some of the findings detailed in the report 'PwC Global & Italian Merger and Acquisition Trend...

Fashion

"That Dress": Iconic Versace dress auctioned for 12,090 euros

One of the most iconic dresses of 20th-century fashion, a version of the legendary black Versace dress – worn by British actress Elizabeth Hurley, alongside Hugh Grant, at the premiere of Four Weddings and a Funeral in 1994 – was auctioned for 12,090 euros by the auction house Penelope’s. Story of "That Dress" Symbolising the power of viral...

Business

Capri holdings slides deeper into loss zone in fourth quarter

The US fashion group Capri Holdings Limited also suffered significant sales losses in the fourth quarter of the 2024/25 financial year. In addition, the group reported a significantly higher loss. However, the figures, which the company published on Wednesday, were not quite as bad as analysts had expected in the run-up. The current quarterly...

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Capri reaffirms strategic investments into Michael Kors following Versace sale

Last week, the long-rumoured Prada takeover of Versace was finally confirmed. And, while many began to speculate on what could come from the merging of the two Italian giants, at Versace’s now former owner, US conglomerate Capri Holdings, plans are already seemingly underway for the remnants of its portfolio. Following the announcement of Prada’...

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Fashion

Prada buying Versace buy is a win-win for Italian luxury

When Prada this week confirmed its acquisition of Versace for 1.25bn euros it was both a business transaction as much as a symbolic repatriation of Italian heritage. As the dominance of French conglomerates LVMH and Kering has become the established order in luxury fashion—owning Italian crown jewels from Fendi to Gucci—the Prada Group's...

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Prada: Versace relaunch requires long-term mindset

The Prada Group intends to take its time with the relaunch of Versace. During a conference call on April 10, following the announcement of the Prada Group's acquisition of Versace, Andrea Guerra, CEO of the Prada Group, and Lorenzo Bertelli, head of corporate social responsibility for the group, stated that the next steps to fully unlock the...

Fashion

Following Prada takeover: 5 things to know about Versace

Italian fashion giant Versace, the long-held family business known for its flashy, sexy designs and Medusa head logo, will now become part of Prada, its larger rival and polar opposite in terms of style. The 1.25 billion euro acquisition, announced Thursday, aims to breathe new life into Versace, whose highs and lows have included the 1997...

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It's official: Prada acquires Versace for 1.25 billion euros

Italian fashion group Prada is officially the new owner of Versace. As the fashion world already predicted, Prada Group and Capri Holdings Limited have just announced that Versace has been acquired for 1.25 billion euros. Prada Group will take over 100 percent of Versace’s shares in a transaction financed by 1.5 billion euros of new debt...

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Prada-Versace deal: Rumours of 2.5 billion euro financing with Goldman Sachs

A banking consortium led by US investment bank Goldman Sachs is reportedly ready to provide Prada with a 2.5 billion euro financing line to support the Italian fashion group's acquisition of Versace, the Milan daily MF Fashion reported on Friday. Approximately 1.5 billion euros would be used for the acquisition, while the remaining one billion...