The Latest Breaking News from Luxury

Prada acquires rival Versace for $1.4bn despite tariff uncertainty

The multibillion-dollar deal strengthens Italy’s position in luxury fashion industry.

Al Jazeera · Apr 10, 2025

How BYD's Porsche-Fighting Luxury EV Parallel Parks By Sliding

BYD is doubling down on its European conquest plans by introducing a new luxury brand called Denza. Its goal: to compete with the West's classic premium brands, including BMW, Audi, Mercedes and Volvo. And it can do something they can't do: turn parking into magic. 

InsideEVs · Apr 10, 2025

Prada buys Versace in €1.25bn deal uniting Italy’s biggest fashion brands

Prada has secured Versace at a €180m discount amid market turmoil and after months of speculation

The Guardian - UK · Apr 10, 2025

Prada buys luxury fashion rival Versace in £1.1 billion 'Made in Italy' deal

The deal was almost scuppered by the tariff chaos of recent weeks but closed today

Evening Standard · Apr 10, 2025

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

Prada Group announced the purchase of Versace fashion house on Thursday from US luxury group Capri Holding in a cash deal valued at €1.25 billion euros ($1.4bn.)

Euronews · Apr 10, 2025

Prada made the biggest purchase in its history by buying Versace for $1.4 billion, bringing the two Italian luxury labels together

“Versace has huge potential,” said Andrea Guerra, CEO of Prada, upon the deal’s closing.

Fortune · Apr 10, 2025

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

After months of speculation, Prada's acquisition of Versace might finally happen—but the tariffs impact the deal's price.

Fortune · Apr 10, 2025

German Luxury Automakers Are Struggling in China

After decades of riding the sales gravy train, legacy premium brands face a harsh new reality in China. BMW, Mercedes-Benz, and Porsche had a rough 2024, and the start of this year has been even more brutal. The posh trio saw double-digit declines in the first quarter, with Zuffenhausen taking…

Motor1 · Apr 10, 2025

Bond Street prime retail rents overtake Milan's to become highest in Europe

Globally the elite Mayfair address moved from fourth to third place behind only New York’s Fifth Avenue and Madison Avenue

Evening Standard · Apr 10, 2025

Michelle Monaghan's quiet luxury sofa color will be just as stylish in 100 years – the soft hue promotes calmness in her living room

An opulent sofa color, striped cushions, and vintage gold frames create a luxurious feel that invites tranquility into her living room – it's easy to recreate in any space

Homes & Gardens · Apr 10, 2025