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Prada gets EU approval for Versace acquisition

Published by Global Banking and Finance Review

Posted on September 30, 2025

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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)

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