Versace: The Crown Jewel With Untapped Potential
Founded in Milan in 1978, Versace has long been synonymous with bold glamour, audacious designs, and runway theatrics. Under Prada’s stewardship, the label will retain its creative DNA while tapping into the group’s industrial capabilities, global retail network, and operational prowess.
In its own Thursday statement, Prada called Versace a “strongly complementary addition” to its portfolio, one that brings fresh dimensions to its vision of fashion as both legacy and innovation.
“The acquisition of Versace marks another step in the evolutionary journey of our group,” said Andrea Guerra, CEO of Prada Group. “Versace has huge potential. This journey will be long and requires disciplined execution and patience. The evolution of a brand always needs time and constant focus.”
Powerhouse Law Firms Orchestrate High-Fashion Merger
Legal juggernauts were at the heart of the deal. Skadden, Arps, Slate, Meagher & Flom LLP guided Prada through the transaction, with a team led by partners Cristina Tomassini, Sandro de Bernardini, and Peter Serating.
On the other side, Wachtell, Lipton, Rosen & Katz advised Capri, with corporate partners Joshua Cammaker and Mark Stagliano taking the lead, joined by Damian Didden on antitrust, Jeannemarie O’Brien on executive compensation, Emily Johnson on finance, and tax experts Deborah Paul and Rachel Reisberg.
