Versace

Prada's Q1 retail sales grew 15% organically in the Americas, supported by strong local demand, and were up 5% in Asia-Pacific.

Consumer & Healthcare

Prada first-quarter revenue rises 3%, driven by sales in Americas region

Group earnings are 1.3 billion euros, below analysts’ consensus of 1.4 billion euros

Prada signed a definitive agreement in April to buy Versace from US-based Capri Holdings for about 1.3 billion euros.

Global Enterprise

Prada completes Versace takeover after long courtship

Prada heir Lorenzo Bertelli will become executive chairman of Versace once the integration is complete

Lorenzo Bertelli, currently Prada’s group chief marketing officer and head of corporate social responsibility, confirmed his role at Versace in an interview with a Bloomberg podcast.

Lifestyle

Prada heir to head Versace after 1.25 billion-euro buy-out

LORENZO Bertelli, the son of designer Miuccia Prada, said on Wednesday he will become executive chairman of Versace following the Prada Group’s takeover of its smaller Italian rival.

Prada has negotiated for months to buy the fashion house founded by Gianni Versace in the 1970s and known for its flashy, ready-to-wear designs.

Companies & Markets

Prada agrees to buy Versace for US$1.38 billion despite tariffs

The purchase, the largest in Prada’s 112-year history, returns Versace to Italian ownership

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