Milan [Italy], December 4 (ANI): Italian fashion giant Prada has officially completed the acquisition of Versace , bringing both the luxury fashion brands under one roof.

Prada announced the successful completion of the acquisition from the US-based Capri Holdings on December 2, 2025, adding that it has received all the required regulatory clearances, it said in a press release.

As per CNN, Prada signed a definitive agreement in April this year to buy Versace for about USD 1.51 billion after Capri Holdings' sale to Tapestry was scrapped in the wake of a challenge by antitrust regulators.

Lorenzo Bertelli, the son of Prada owners Miuccia Prada and Patrizio Bertelli, is likely to take over as the executive chairman of Versace , as per the report.

"There had already been

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