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Prada entered a definitive agreement to buy 100% of Versace from Capri Holdings for a cash consideration based on an enterprise value of €1.25 billion, adding the Milan-founded fashion house to its Prada and Miu Miu brands.

Prada finalized its purchase of Versace from Capri Holdings after receiving all required regulatory clearances, with Lorenzo Bertelli set to become the brand's executive chairman.

Prada Group's net revenues rose 16% to €3.05 billion in the first half of 2026, with Versace contributing €305 million as the newly acquired brand worked to lift retail execution.