PRADA (01913) plans to acquire Versace Holding Company for $1.375 billion.

PRADA (01913) has announced that on April 10, 2025, the company intends to acquire all shares of GIVI Holding S.r.l. (Versace Holding Company) from Capri Holdings Limited for an enterprise value of $1.375 billion (approximately 1.25 billion euros or 10.67 billion Hong Kong dollars) (subject to adjustments). Founded in Milan in 1978, Versace is one of the top international fashion design brands and a global representative of Italian luxury. With its excellent brand recognition, Versace is a unique asset in the luxury goods industry. The brand has a deep heritage in the fashion world, showing great potential in interpreting contemporary trends and demonstrating a keen sense in understanding and predicting the essence of modern and future societies. The distinctive aesthetic style of Versace will bring a high degree of complementarity to the brand portfolio of the Prada Group, showcasing immense untapped growth potential through a diverse value creation strategy. Under the Prada Group, Versace will maintain its brand creativity and cultural heritage, while benefiting fully from the advantages of the group's comprehensive platform (including industry capabilities, retail execution power, and operational expertise).