Prada acquires Versace.
It’s official — the Prada Group has announced its acquisition of Versace, marking one of the most significant moves in the luxury fashion industry in recent years. The deal signals a bold step toward consolidation among heritage fashion houses, with Prada Group further cementing its influence across the global luxury market.
The acquisition brings together two of Italy’s most iconic brands under one umbrella, potentially reshaping the landscape of high fashion. Both labels are known for their distinct aesthetics, Prada for its avant-garde minimalism, and Versace for its bold, opulent glamour, making the union a compelling fusion of creative visions.
In a statement regarding the acquisition, Prada Group chairman and executive director Patrizio Bertelli said: “We are delighted to welcome Versace to the Prada Group and to build a new chapter for a brand with which we share a strong commitment to creativity, craftsmanship and heritage. We aim to continue Versace’s legacy celebrating and re-interpreting its bold and timeless aesthetic; at the same time, we will provide it with a strong platform, reinforced by years of ongoing investments and rooted in longstanding relationships.”
