Luxury fashion firm Prada Group reached an agreement with Capri Holdings to acquire designer brand Versace in a deal valued at $1.38 billion, Prada announced Thursday, after earlier reports indicated the two Italian fashion staples struggled to close the transaction as President Donald Trump’s tariffs roiled markets.
Read the full story on Forbes: https://www.forbes.com/sites/tylerroush/2025/04/10/prada-buys-versace-for-nearly-14-billion-after-trumps-tariffs-almost-derailed-acquisition/
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Read the full story on Forbes: https://www.forbes.com/sites/tylerroush/2025/04/10/prada-buys-versace-for-nearly-14-billion-after-trumps-tariffs-almost-derailed-acquisition/
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LifestyleTranscript
00:00Prada has bought Versace for nearly $1.4 billion after Trump's tariffs almost derailed the
00:06acquisition. Prada Group reached an agreement with Capri Holdings to acquire Versace in a deal
00:12valued at $1.38 billion. It comes after earlier reports indicated the two Italian fashion staples
00:20struggled to close the transition after Trump's tariffs roiled markets. The value of Versace's
00:26parent company, the New York-based Capri Holdings, fell to as low as $1.5 billion as Trump's tariffs
00:34led to a historic sell-off in the United States stock market. And Prada had negotiated the price
00:40to buy Versace down from $1.6 billion to just under $1.4 billion, according to reports.
00:47Read more at Forbes.com.