Published by Global Banking & Finance Review®
Posted on March 5, 2025
1 min readLast updated: January 25, 2026
Add as preferred source on GooglePrada's Bertelli is cautious about acquisitions, citing past mistakes. The company is open to opportunities, with potential deals involving Versace and Jimmy Choo.
MILAN (Reuters) - Luxury fashion group Prada's leading shareholder Patrizio Bertelli said on Wednesday he was "very cautious" about the possibility of making acquisitions, although the group is ready to look at potential opportunities.
"Relaunching a brand is difficult, in the early 2000s we bought Jil Sander and Helmut Lang and we made strategic mistakes," Chairman Bertelli, who controls Prada along with his wife Miuccia Prada, said in a interview with La Repubblica daily.
Prada was linked with possible deals for fellow luxury brands Versace and Jimmy Choo, according to several reports.
An acquisition of Versace would create a company with a broader base that is more resistant to business cycles, but reviving the targeted brand could take years and hit short-term profits.
The luxury group CEO Andrea Guerra on Tuesday gave no details of potential tie-ups but suggested it was open to opportunities.
(Reporting by Sara Rossi, editing by Cristina Carlevaro and)
Patrizio Bertelli expressed that he is 'very cautious' about the possibility of making acquisitions.
Bertelli noted that relaunching a brand is difficult, citing past strategic mistakes made with Jil Sander and Helmut Lang.
Prada was linked with possible deals for luxury brands Versace and Jimmy Choo.
CEO Andrea Guerra indicated that the company is open to opportunities but did not provide specific details on potential tie-ups.
An acquisition of Versace could create a broader company base that is more resistant to business cycles, but reviving the brand might take years and impact short-term profits.
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