Prada's €1.25 Billion Acquisition of Versace: A Strategic Move in Luxury Fashion In April 2025, Prada S.p.A. announced its acquisition of Versace from Capri Holdings for €1.25 billion. This strategic move unites two iconic Italian fashion houses, enhancing Prada's portfolio and competitive edge in the luxury market. The deal, expected to close in the second half of 2025, is set to reshape the landscape of Italian luxury fashion.​