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Euronews

Angela Barnes

Prada Group buys Versace fashion house from its US owner in €1.25bn deal

Prada Group Donatella Versace Gianni Versace Michael Kors CAPRI Jimmy Choo Luxury

Versace has been owned since 2018 by Capri Holding, a multinational fashion group founded in 1981 by American designer Michael Kors.

At the time, Capri Holding paid $2 billion (€1.84bn) for Versace. However, it had been struggling in the recent era of 'quiet luxury’' to position the stalwart of Italian fashion with its sexy silhouettes and loud patterns.

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One subscription that gives you access to news from hundreds of sites

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