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BRIEF-Prada's acquisition of Versace a "revenues project, not a synergies one", CEO says
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BRIEF-Prada's acquisition of Versace a "revenues project, not a synergies one", CEO says
Apr 10, 2025 7:22 AM

April 10 (Reuters) - Prada Chief Executive Andrea

Guerra, CFO Andrea Bonini and Chief Marketing officer Lorenzo

Bertelli tell a conference call after the announcement of the

acquisition of Versace: :

* CFO: COMMITTED TO A 1.5 BILLION OF NEW DEBT, 1 BILLION OF

TERM

LOAN AND 0.5 BRIDGE FACILITY

* CEO: GROUP HAD NO ROLE IN APPOINTMENT OF DARIO VITALE AS

CREATIVE DIRECTOR OF VERSACE

* CEO: VERSACE'S LICENSES FOR FRAGRANCES AND EYEWEAR ARE

"JUST

GREAT"

* CEO: VERSACE DEAL IS A REVENUES PROJECT, NOT A SYNERGIES

PROJECT

* EXEC: MIUCCIA PRADA WILL HAVE NO INVOLVEMENT WITH VERSACE,

WITH

REGARDS TO CREATIVE SIDE

Further company coverage:

(Reporting by Milan newsroom)

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