Capri’s Versace Blunders Opened Door to Prada Takeover In a surprising turn of events, the US group Capri faced a major setback with its acquisition of Versace, leading to a staggering loss of approximately $700 million. The downfall of Versace under Capri’s ownership can be attributed to a strategic shift towards more subdued designs and […]
Capri Aims to Revive Michael Kors With Lower Prices, Amazon E-Commerce Sales
Capri Holdings, the parent company of renowned fashion brands such as Michael Kors and Versace, is set to make a strategic shift in its business approach. Following the sale of Versace to Prada, Capri Holdings is now focusing on revitalizing Michael Kors by targeting mid-tier pricing and embracing e-commerce through a partnership with Amazon. This […]
Prada Group to Acquire Versace for €1.25 Billion
Prada Group’s Strategic Move: Acquiring Versace for €1.25 Billion In the fast-paced world of high fashion, strategic acquisitions often make headlines, and the recent announcement of Prada Group acquiring Versace for €1.25 billion is no exception. This bold move by Prada signals a significant shift in the fashion landscape, with the renowned Italian fashion house […]
Prada Nears Approval of Versace Deal Despite Tariffs
Prada Nears Approval of Versace Deal Despite Tariffs The luxury fashion industry is abuzz with anticipation as Prada SpA edges closer to securing the acquisition of Versace from Capri Holdings Ltd. in a deal worth €1.25 billion ($1.4 billion). Despite the looming threat of tariffs and economic uncertainties, Prada is forging ahead, showcasing resilience and […]
Report: Prada to Decide on Versace Deal This Week
Report: Prada to Decide on Versace Deal This Week Luxury fashion giants Prada and Versace are making headlines this week as reports suggest a potential takeover deal in the works. Speculations are rife that Prada is gearing up to acquire Versace in a deal that could be announced as early as Thursday. The deal, which […]
Goldman Sachs to Lead €2.5 Billion Financing for Prada-Versace Deal
Goldman Sachs to Lead €2.5 Billion Financing for Prada-Versace Deal In the fast-paced world of high-end fashion mergers and acquisitions, the latest buzz surrounds the €2.5 billion financing deal led by Goldman Sachs for the Prada-Versace acquisition. This significant financial maneuver has caught the attention of industry insiders and financial analysts alike, with €1.5 billion […]
The BoF Podcast | Demna Takes Gucci, Versace’s New Chapter Begins
The BoF Podcast | Demna Takes Gucci, Versace’s New Chapter Begins As the fashion world continues to witness seismic shifts, the recent announcements of Demna Gvasalia’s appointment as the new artistic director of Gucci and Dario Vitale taking the creative reins from Donatella Versace at Versace mark the beginning of a new era for these […]
Prada’s CEO Flies to New York as Speculation Swirls Over Versace Bid
Prada’s CEO Flies to New York as Speculation Swirls Over Versace Bid Amidst the whispers of a potential acquisition of Versace, the fashion world is buzzing with excitement as Prada’s CEO, Andrea Guerra, recently jetted off to New York. Reports suggest that he was accompanied by Lorenzo Bertelli, the son of the Italian luxury group’s […]
Exclusive: Dario Vitale to Succeed Donatella Versace as Chief Creative Officer of Versace
Exclusive: Dario Vitale to Succeed Donatella Versace as Chief Creative Officer of Versace After nearly three decades at the creative helm of Versace, the iconic fashion house founded by her late brother Gianni, Donatella Versace is set to pass on the torch to a new creative visionary. The Italian luxury brand has announced that Dario […]
5 Brands That Dominated the Social Conversation During Milan Fashion Week
5 Brands That Dominated the Social Conversation During Milan Fashion Week Milan Fashion Week is not only a time for designers to showcase their latest creations on the runway but also a battleground for brands to capture the attention and admiration of fashion enthusiasts worldwide. This year, three brands stood out among the rest, leading […]