Prada Group says it has purchased fashion rival Versace in a deal worth nearly $1.4 billion

December 2, 2025

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1 min read

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AP News

The Prada Group has officially purchased Milan fashion rival Versace for nearly $1.4 billion. This deal, announced Tuesday, brings the fashion house known for its sexy silhouettes under the same roof as Prada's "ugly chic" aesthetic and Miu Miu's youth-driven appeal.

MILAN (AP) — The Prada Group announced Tuesday that it has officially purchased Milan fashion rival Versace in a 1.25 billion euro (nearly $1.4 billion) deal that puts the fashion house known for its sexy silhouettes under the same roof as Prada’s “u... [2886 chars]

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Source: AP News

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