Italy's Prada agrees to buy fashion rival Versace

Reuters

2025/04/10

MILAN, April 10 (Reuters) - Prada 1913.F has struck a deal to buy smaller rival Versace from Capri Holdings CPRI.N in a move to unite two of the biggest names in Italian fashion. The deal has an enterprise value of $1.375 billion, Prada said.

(Reporting by Elisa AnziolinWriting by Keith Weir)

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