Finance
Prada CEO sees no further acquisitions after Versace closing next week
Published by Global Banking and Finance Review
Posted on November 28, 2025
2 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 28, 2025
2 min readLast updated: January 20, 2026
Prada's CEO confirms no further acquisitions after Versace deal, focusing on integration and growth. The Versace acquisition closes next week.
FLORENCE, Italy (Reuters) -Prada's <1913.HK> Chief Executive Andrea Guerra said on Friday the Italian luxury group has no further acquisitions in the pipeline after the takeover of Versace, which is expected to be completed next week.
"We'll be fully engaged with Versace for at least three years," Guerra told journalists on the sidelines of an event to celebrate the 25th anniversary of the group's academy.
The Versace deal is expected to close on December 2, he said, adding that the Italian label complements the group's existing brands, flagship Prada and smaller Miu Miu.
"(Versace) is the brand that invented fashion as we know it today, the one that created glamour, introduced supermodels, brought fashion closer to popular culture… and brought music into fashion," Guerra said.
Prada signed a definitive agreement in April to buy Versace from U.S.-based Capri Holdings for about 1.3 billion euros.
Last week, Prada heir Lorenzo Bertelli said the Italian luxury group could look at further acquisitions "if opportunities arise," but stressed that there was nothing on the table and the priority was integrating Versace.
Guerra, who was appointed to the helm of the group in 2023, said that the group aims to grow "at a pace faster than the industry".
Asked about the impact of the U.S. tariffs, he said that "it's behind us."
($1 = 0.8653 euros)
(Reporting by Elisa Anzolin, editing by Gavin Jones and Keith Weir)
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
Financial management involves planning, organizing, directing, and controlling the financial activities of an organization to achieve its financial goals.
A luxury brand is a brand that is associated with high quality, exclusivity, and premium pricing, often catering to affluent consumers.
A takeover is the acquisition of one company by another, which can be friendly or hostile, depending on the willingness of the target company to be acquired.
Integration in business refers to the process of combining different systems, processes, or companies to improve efficiency and achieve strategic goals.
Explore more articles in the Finance category
