Prada gets EU approval for Versace acquisition-March 2024-www.financetom.com

Prada gets EU approval for Versace acquisition

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Prada gets EU approval for Versace acquisition

Sep 30, 2025 6:30 AM

MILAN (Reuters) -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 ( CPRI ).

The European Commission said the deal poses no competition concerns.

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