A PYMNTS Company

Prada Wins EU Approval for €1.25 Billion Versace Takeover

By  |  October 1, 2025

The European Commission has given the green light to Prada’s planned €1.25 billion ($1.47 billion) acquisition of Versace, clearing the last regulatory hurdle for one of the fashion industry’s most high-profile mergers.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    According to Reuters, the EU’s executive arm ruled on Tuesday that the transaction would not harm competition, citing the relatively modest market shares of both luxury labels. Regulators concluded that the combined entity’s presence would remain too limited to trigger antitrust concerns.

    The deal stems from Capri Holdings’ decision earlier this year to divest Versace in order to concentrate on other parts of its luxury portfolio, including Michael Kors and Jimmy Choo. Per Reuters, that move is seen as a strategic streamlining for Capri, while Prada is positioning the takeover as a bold step to strengthen its role in the global high-end fashion market.

    Related: Potential Prada-Versace Acquisition Faces Uncertainty Amid Market Volatility

    In its official statement, the European Commission said, “The commission concluded that the transaction would not raise competition concerns, given the companies’ limited market positions resulting from the proposed deal.”

    Prada has indicated the acquisition is expected to close in the second half of 2025, subject to the completion of routine closing conditions.

    Source: Reuters