Prada buys Versace in a €1.25 billion deal. Here’s what that means for fashion.
3 December 2025
The Prada Group has made a move to save the Italian brand from possibly being consolidated into the larger French groups Louis Vuitton Moët Hennessy (LVMH) and Kering, which own considerable luxury fashion brands.
Will the luxury fashion house rivals be able to survive each other’s style?
Will the luxury fashion house rivals be able to survive each other’s style?