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    Home > Finance > Prada gets EU approval for Versace acquisition
    Finance

    Prada gets EU approval for Versace acquisition

    Published by Global Banking and Finance Review

    Posted on September 30, 2025

    1 min read

    Last updated: January 21, 2026

    Prada gets EU approval for Versace acquisition - Finance news and analysis from Global Banking & Finance Review
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    Tags:investmentacquisitionfinancial markets

    Quick Summary

    Prada has received EU approval for its $1.38 billion acquisition of Versace from Capri Holdings, with no competition concerns identified.

    Prada gets EU approval for Versace acquisition

    MILAN (Reuters) -The European Commission said on Tuesday it has given its green light to the acquisition of fashion group Versace by Italy's Prada.

    Earlier this year Prada struck a $1.38 billion deal to buy smaller rival Versace from Capri Holdings.

    The European Commission said the deal poses no competition concerns.

    (Reporting by Elisa Anzolin, editing by Giulia Segreti)

    Key Takeaways

    • •Prada acquires Versace for $1.38 billion.
    • •The European Commission approves the deal.
    • •No competition concerns were identified.
    • •Versace was acquired from Capri Holdings.
    • •The acquisition strengthens Prada's market position.

    Frequently Asked Questions about Prada gets EU approval for Versace acquisition

    1What approval did Prada receive?

    Prada received approval from the European Commission for its acquisition of Versace.

    2How much did Prada pay for Versace?

    Prada struck a deal worth $1.38 billion to acquire Versace from Capri Holdings.

    3Did the acquisition raise any competition concerns?

    The European Commission stated that the deal poses no competition concerns.

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