Prada Halts Future Acquisitions After Versace Deal Closes

Italian luxury group Prada has announced it will pause its acquisition strategy following the completion of its landmark Versace takeover next week. Prada Group CEO Andrea Guerra revealed the company’s focus will shift entirely to integrating the iconic fashion brand into its portfolio. The deal, valued at approximately 1.3 billion euros, is expected to close on December 2, 2025, marking a significant expansion for the Milan-based conglomerate.

Strategic Integration Priority

Guerra emphasized that Prada will be “fully engaged with Versace for at least three years,” signaling that integration efforts will dominate the company’s strategic agenda. He highlighted how Versace complements Prada’s existing brands, including flagship Prada and smaller label Miu Miu. The CEO praised Versace’s iconic status in fashion history, noting it as the brand that “invented fashion as we know it today” and revolutionized the industry by introducing supermodels and bringing music into fashion.

Growth Trajectory Despite Pause

Despite the acquisition freeze, Guerra reiterated Prada’s ambition to grow “at a pace faster than the industry.” The company acquired Versace from U.S.-based Capri Holdings in April following a definitive agreement. While Prada heir Lorenzo Bertelli previously suggested the group could pursue future acquisitions “if opportunities arise,” the current focus remains consolidation rather than expansion.

Regarding external concerns, Guerra addressed the potential impact of U.S. tariffs, dismissing their significance by stating the issue was “behind us.” This statement suggests Prada has already navigated trade-related challenges heading into the critical acquisition closing period.