SPAIN - APRIL 11: Facade of the Versace store in Calle Serrano, on 11 April, 2025 in Madrid, Spain. Italian fashion group Prada announced Thursday the signing of a definitive agreement to acquire the entire share capital of luxury brand Versace, currently owned by U.S.-based Capri Holdings, in a 1.25 billion euro deal.Under the terms of the agreement, the Prada group will buy 100% of Versace for a total enterprise value of 1.25 billion euros on a debt-free and cash-free basis. (Photo By Marta Fernandez/Europa Press via Getty Images)
