The European Commission said on Tuesday it has given its green light to the acquisition of fashion group Versace by Italy’s Prada. Earlier this year Prada struck a $1.38 billion deal to buy smaller rival Versace from Capri Holdings. The European Commission said the deal poses no competition concerns. By Elisa Anzolin; Editor: Giulia Segreti...
By AFP Translated by Nazia BIBI KEENOO Published September 30, 2025 On Tuesday, the EU approved the takeover of the Italian haute couture house Versace by Prada, a fellow Italian label, concluding that the deal raised no competition concerns. Versace – Spring-Summer 2026 – Womenswear – Italy – Milan – ©Launchmetrics/spotlight In April, Prada announced...