Prada completes Versace acquisition, expands luxury brand portfolio

Prada S.p.A. announced the completion of its acquisition of the Versace Group on December 2, 2025, following the satisfaction of all conditions under the Share Purchase Agreement. This follows the transaction announcement made on April 10, 2025. The Versace Group reported revenue of $821m for the financial year ended March 29, 2025.

The acquisition was partly financed through the Versace Facilities Agreement, comprising a €1bn term loan and a €500m bridge term loan, with drawdowns of €1bn and €300m, respectively. An additional bilateral term loan of €200m also contributed to the financing. The Versace Group recorded an operating loss of $54m and long-lived assets of $1.022bn for the same period.

The company secured a waiver from strict compliance with Listing Rules 14.58(6) and (7) regarding the disclosure of book value and net profits, deeming revenue and operating income more meaningful indicators.