Milan, Dec. 4 -- 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.

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