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Prada acquires Versace in 1.375 billion dollar all cash deal
Italian luxury giant Prada has acquired Versace for $1.375 billion in cash, completing a deal that had been in the works for eight months. The acquisition aims to revive Versace after years of weak performance, while former owner Capri Holdings plans to use the funds to reduce debt.
By Finblage Editorial Desk
12:10 pm
3 December 2025
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