{"id":1160,"date":"2025-12-03T17:02:32","date_gmt":"2025-12-03T17:02:32","guid":{"rendered":"http:\/\/hotpapernews.com\/index.php\/2025\/12\/03\/milan-prada-has-successfully-completed-its-acquisition-of-the-iconic-italian-luxury-fashion-house-versace-for-1-38-billion-this-purchase-price-is-notably-less-than-the-2-billion-paid-by-c\/"},"modified":"2025-12-03T17:02:32","modified_gmt":"2025-12-03T17:02:32","slug":"milan-prada-has-successfully-completed-its-acquisition-of-the-iconic-italian-luxury-fashion-house-versace-for-1-38-billion-this-purchase-price-is-notably-less-than-the-2-billion-paid-by-c","status":"publish","type":"post","link":"https:\/\/hotpapernews.com\/index.php\/2025\/12\/03\/milan-prada-has-successfully-completed-its-acquisition-of-the-iconic-italian-luxury-fashion-house-versace-for-1-38-billion-this-purchase-price-is-notably-less-than-the-2-billion-paid-by-c\/","title":{"rendered":"MILAN \u2013 Prada has successfully completed its acquisition of the iconic Italian luxury fashion house Versace for $1.38 billion. This purchase price is notably less than the $2 billion paid by Capri Holdings in 2018 and marks a significant strategic move for Prada, aiming to fortify its position within the highly competitive global luxury market and challenge conglomerates like LVMH."},"content":{"rendered":"<p>The acquisition follows a period of notable change for Versace, including the departure of Donatella Versace as creative director and a reported deceleration in sales performance during its ownership under Capri Holdings. During its stewardship, Capri Holdings had reportedly pivoted Versace towards a more minimalist aesthetic and implemented price increases, factors that may have influenced the brand&#8217;s market trajectory. For Capri Holdings, the proceeds from this sale are earmarked for substantial debt reduction.<\/p>\n<p>Prada expressed strong confidence in Versace&#8217;s inherent potential, yet cautioned that revitalizing and integrating the brand would require a long-term perspective, emphasizing the need for patience and disciplined strategic execution. This move underscores a broader trend in the luxury sector as major players consolidate assets to gain greater market share and operational efficiencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The acquisition follows a period of notable change for Versace, including the departure of Donatella Versace as creative director and a reported deceleration in sales performance during its ownership under Capri Holdings. During its stewardship, Capri Holdings had reportedly pivoted Versace towards a more minimalist aesthetic and implemented price increases, factors that may have influenced&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[11],"class_list":["post-1160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fashion","tag-trending"],"_links":{"self":[{"href":"https:\/\/hotpapernews.com\/index.php\/wp-json\/wp\/v2\/posts\/1160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotpapernews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotpapernews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotpapernews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hotpapernews.com\/index.php\/wp-json\/wp\/v2\/comments?post=1160"}],"version-history":[{"count":0,"href":"https:\/\/hotpapernews.com\/index.php\/wp-json\/wp\/v2\/posts\/1160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hotpapernews.com\/index.php\/wp-json\/wp\/v2\/media\/1161"}],"wp:attachment":[{"href":"https:\/\/hotpapernews.com\/index.php\/wp-json\/wp\/v2\/media?parent=1160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotpapernews.com\/index.php\/wp-json\/wp\/v2\/categories?post=1160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotpapernews.com\/index.php\/wp-json\/wp\/v2\/tags?post=1160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}