The acquisition of billion dollars in the fashion industry, which was launched weeks ago, is perfect: the Milan fashion group Prada bought the Italian competitor Versace on Thursday for 1.25 billion euros.
The deal of the deal is expected in the second half of 2025 and is subject to a few conditions, including the maintenance of all necessary official permits. Prada had accepted a long -term loan of one billion euros before the acquisition, as the group announced. “We want to continue the legacy of Versace, celebrate and reinterpret his daring and timeless aesthetics,” said Prada Baas Patrizio Bertelli Thursday.
At the same time you want to offer Versace a strong platform based on years of investments and long -term relationships. The Versace Fashion House was founded in 1978 by designer Gianni Versace.
230 boutiques and 638 stores worldwide
After his murder in 1997, his sister Donatella took over the creative direction. According to its own statements, the company has 230 boutiques and 638 licensed stores worldwide and, in addition to women’s, men’s and children’s fashion, it also offers shoes, bags and accessories. There are also glasses, watches and perfume with the brand.
Source: Krone
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