Agenda-setting intelligence, analysis and advice for the global fashion community.

Prada Gets EU Approval for Versace Acquisition

The European Commission said the deal poses no competition concerns.

Reuters

30 September 2025

The European Commission said on Tuesday it has given its green light to the acquisition of fashion group Versace by Italy’s Prada.

Earlier this year Prada struck a $1.38 billion deal to buy smaller rival Versace from Capri Holdings.

The European Commission said the deal poses no competition concerns.

By Elisa Anzolin; Editor: Giulia Segreti

Learn more:

Prada Group to Buy Versace for €1.25 Billion

Prada plans to invest an additional €250 million in relaunching Versace, which has struggled to keep up with bigger heritage brands since selling to Michael Kors parent Capri Holdings in 2018.

In This Article

Topics

Luxury:Conglomerates

Organisations

Bernard Arnault Joins X as LVMH CEO Fights Off Rumours of Family Disunity

French newspaper Le Monde published a six-part series last week on the tycoon, including alleged tensions among his family members driven by succession.

LVMH Fashion Sales Rise 1% as Dior Turns Corner

Sales at the group’s fashion and leather goods unit returned to organic growth after a two-year slump, with Dior’s sales back in positive territory a year into a creative reset piloted by Jonathan Anderson. Group sales rose 3 percent.

CVC Mulls Buying Stake in Jeweller APM Monaco From TPG

CVC Capital Partners is considering buying a stake in the fashion jeweller from private-equity firm TPG Inc., according to people familiar with the matter.

To Sell a Modern Perfume, Gap Turns to Nostalgia

With its forthcoming reboot of classic 1990s scents like Grass and Om, the American retail giant is hoping to re-enter beauty with a contemporary twist on its old playbook.

The Business of Fashion