Prada Group Acquires Versace in Landmark Deal

Prada Group has officially completed its acquisition of Versace, marking one of the most significant luxury-fashion power shifts of the decade. The deal, finalized after securing all necessary regulatory approvals, brings Versace fully under the Prada S.p.A. umbrella and signals a new chapter for two of Italy’s most storied fashion houses.

The move caps off months of speculation about how Prada would expand its global influence beyond its own portfolio and Miu Miu. Versace, long known for its maximalist glamor, bold print language, and unmistakable Medusa iconography, now joins a group defined by minimalist sophistication and avant-garde design. It’s a rare merger of distinct creative identities, but one that has the potential to reshape the landscape of European luxury.

While strategic details have yet to be announced, the acquisition gives Prada Group access to Versace’s strong presence in the U.S. and Asia, along with a broad ready-to-wear and accessories business that has remained culturally relevant across generations. In turn, Versace gains the backing of one of fashion’s most powerful luxury groups—opening the door for expanded retail, elevated craftsmanship, and deeper investment in long-term brand development.

As the industry awaits Prada’s next steps, one thing is clear: this acquisition represents not just a business transaction, but a major recalibration in the global luxury hierarchy. More updates on integration plans and future collections are expected in the months ahead.