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Fortune
Fortune
Prarthana Prakash

Prada scores a $200 million discount on imminent Versace deal thanks to tariff uncertainty, report says

Versace fashion show during the Milan Fashion Week Womenswear Fall/Winter 2024-2025 (Credit: Vittorio Zunino Celotto—Getty Images)

The post “Liberation Day” whiplash has been course-altering for everyone—not least Italian luxury brand Prada, which is ironing out the final details of its rumored acquisition of Versace. 

But a good thing might come of it for Hong Kong-listed Prada: it might have won itself a $200 million discount on a deal valued at $1.4 billion with U.S.-based Versace owner, Capri Holdings. 

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