Versace is being sold—for less than it was bought. Here’s why. 👗✨

Capri Holdings is selling Versace to Prada Group for $1.38 billion—well below the $2.15 billion it paid in 2018. Versace has been posting losses in recent quarters, as global luxury spending slows down due to inflation, rising interest rates, and weaker consumer demand—especially in key markets like China and Europe. Skadden and Wachtell are advising on the deal, expected to close in late 2025.

Is Prada betting big—or buying smart?

Source: The Global Legal Post by Victoria Basham

#VersaceSale2025 #VersaceAcquisition #PradaBuysVersace #CapriHoldings #LuxuryFashionMarket #GlobalLuxurySlowdown #ChinaLuxuryDemand #EuropeanSpending #Skadden #Wachtell #LegalNews #News #BreakingNews #LegalSpotlights