Prada’s Bold Move: $2.7 Billion Deal to Acquire Versace with Goldman Sachs’ Backing

With a major financing deal in place, Prada is set to acquire Versace and invest €1 billion in revamping the iconic fashion house.

Versace Autumn/Winter 2025. (Versace)

Fashion’s latest power play is officially in motion—Prada is gearing up to acquire Versace, and it’s bringing some serious financial muscle to the table. Backed by Goldman Sachs and a group of banks, Prada is securing a €2.5 billion ($2.77 billion) financing deal to make this takeover happen.

Breaking Down the Deal

So, where’s all that money going? According to reports, €1.5 billion will go toward sealing the acquisition, while the remaining €1 billion is earmarked for a much-needed revamp of the Versace brand. The goal? Bring back the fire and elevate Versace to new heights under Prada’s leadership.

What This Means for the Fashion Industry

This is big news for luxury fashion. If the deal goes through, it will unite two of the most iconic Italian brands under one powerhouse umbrella. The move signals Prada’s ambition to expand its influence, making it a stronger competitor against other global luxury giants.

While Goldman Sachs hasn’t commented yet, the fact that such a massive financing package is on the table speaks volumes about the confidence in Prada’s vision for Versace.

This is one fashion shake-up we’ll all be watching closely. Stay tuned!