Versace news and archive

Capri reaffirms strategic investments into Michael Kors following Versace sale

Last week, the long-rumoured Prada takeover of Versace was finally confirmed. And, while many began to speculate on what could come from the merging of the two Italian giants, at Versace’s now former owner, US conglomerate Capri Holdings, plans are already seemingly underway for the remnants of its portfolio. Following the announcement of Prada’...

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Prada buying Versace buy is a win-win for Italian luxury

When Prada this week confirmed its acquisition of Versace for 1.25bn euros it was both a business transaction as much as a symbolic repatriation of Italian heritage. As the dominance of French conglomerates LVMH and Kering has become the established order in luxury fashion—owning Italian crown jewels from Fendi to Gucci—the Prada Group's...

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Prada: Versace relaunch requires long-term mindset

The Prada Group intends to take its time with the relaunch of Versace. During a conference call on April 10, following the announcement of the Prada Group's acquisition of Versace, Andrea Guerra, CEO of the Prada Group, and Lorenzo Bertelli, head of corporate social responsibility for the group, stated that the next steps to fully unlock the...

Fashion

Following Prada takeover: 5 things to know about Versace

Italian fashion giant Versace, the long-held family business known for its flashy, sexy designs and Medusa head logo, will now become part of Prada, its larger rival and polar opposite in terms of style. The 1.25 billion euro acquisition, announced Thursday, aims to breathe new life into Versace, whose highs and lows have included the 1997...

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It's official: Prada acquires Versace for 1.25 billion euros

Italian fashion group Prada is officially the new owner of Versace. As the fashion world already predicted, Prada Group and Capri Holdings Limited have just announced that Versace has been acquired for 1.25 billion euros. Prada Group will take over 100 percent of Versace’s shares in a transaction financed by 1.5 billion euros of new debt...

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Prada-Versace deal: Rumours of 2.5 billion euro financing with Goldman Sachs

A banking consortium led by US investment bank Goldman Sachs is reportedly ready to provide Prada with a 2.5 billion euro financing line to support the Italian fashion group's acquisition of Versace, the Milan daily MF Fashion reported on Friday. Approximately 1.5 billion euros would be used for the acquisition, while the remaining one billion...

Fashion

Versace’s legacy: 47 years since the first show in Milan

On the eve of the 47th anniversary of March 28, 1978, when Gianni Versace presented his first women's collection under his own name at the Palazzo della Permanente, we reflect on the legacy of both the designer and the brand he created. Though Versace was tragically murdered in Miami on July 15, 1997, his fashion house has secured its place in...

Fashion

Donatella Versace’s departure marks a new chapter for the iconic house

The departure of Donatella Versace as the creative force behind the house that bears her family’s name marks the end of an era in luxury fashion. After decades at the helm, shaping the brand’s identity with her signature blend of sensuality and opulence, she will transition into the role of global ambassador. In her place, Dario Vitale, a rising...

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Donatella Versace to step down from creative helm, Dario Vitale named CCO

It’s the end of an era. Donatella Versace, the sister to Versace’s eponymous founder Gianni, is letting go of the creative leadership to the Italian luxury label. The designer, who has led the brand as chief creative officer since Gianni’s passing in 1997, will be stepping back into the position of chief brand ambassador from April 1, 2025. In...

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Prada edges closer to reported 1.5 billion dollar Versace deal

Milan Fashion Week ends today and with it comes new details surrounding the rumoured deal between Prada Group and Capri Holdings for the acquisition of Italian luxury brand Versace. As reported by Italian newspaper Corriere Economia, the deal is believed to have the backing of Lorenzo Bertelli, son of Prada Group owners, Miuccia Prada and...

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Versace owner Capri Holdings outlines optimistic financial goals for 2025

For 2025, Capri Holdings, owner of Versace, Jimmy Choo, and Michael Kors, projects 4.4 billion dollars in total revenue. The projection breaks down to 3 billion dollars from Michael Kors, 810 million dollars from Versace, and 600 million dollars from Jimmy Choo. In preparation for its New York City investor day, the company released optimistic...

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Gucci's former CEO Bizzarri reportedly eyes Versace

The fashion and financial worlds are on edge over rumours of a possible sale of Versace by Capri Holdings. One of the potential buyers is Marco Bizzarri, former CEO of Gucci, who recently launched his new investment company, Nessifashion. • Are Versace and Jimmy Choo up for sale? Versace, a highly sought-after fashion house According to sources...