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Following speculation around who would buy Versace, Prada announced its plans to acquire the house in April 2025. Upon the acquisition announcement, Prada Group’s Guerra explained that the goal is “sustainable revenue growth in the long term”. This will take work, analysts agree. “Versace is a big name, but still a relatively small business that should be bigger,” said Neil Saunders, managing director of Globaldata’s US retail division, when musing on a to-do list for the brand’s next owner. At the Capri Holdings investor day in February, before the sale, Versace CEO Emmanuel Gintzburger — who remains in-post — said the label’s four key focus areas are “drilling down on house codes, growing accessories to $600 million, growing footwear to $250 million and building out the men’s market share”. Analysts also see potential in new categories like fine jewelry, watches and homeware. Prada Group — which operates brands including Prada, Miu Miu and Church’s — is one of few luxury companies to largely weather the luxury slowdown, and could be well placed to strengthen Versace’s business. Group sales rose 9% year-on-year to €4 billion in the first nine months of 2025, ended September 30. And while several key luxury conglomerates have posted sales declines over the last two years, Prada Group has reported 19 consecutive quarters of growth.New York Knicks Jalen Brunson And Josh Hart Steal The Nba Cup 2025 Art Shirt
Prada’s operational and creative capabilities and its Italian roots make it a strong company to steer Versace in the right direction. “It’s clear that Versace will now have the opportunity to fully step into our world of industrial production,” Bertelli told Vogue Business during a recent visit to Prada Group’s Academy for artisans, Scandicci. “This means not only accessing a more structured and sophisticated manufacturing ecosystem, but also benefiting from processes, expertise and capabilities that can elevate the brand’s craftsmanship and operational strength.” The cost of the turnaround will impact Prada in the short term, however, analysts agree. “I do expect early pressures on [Prada Group’s] margins, given that, currently, Versace is unprofitable, it needs reinvestment, and revenue needs to pick up,” Jelena Sokolova, senior equity analyst at Morningstar, told Vogue Business in early October, adding that this will likely take time to achieve. Many analysts tentatively inquired about the effect of the acquisition on Prada’s bottom line, in the group’s recent earnings call, but executives were unable to comment until the completion of the sale. Based on previous years, Prada’s next earnings call should take place in March 2026, providing further clarity on the outlook.
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