The Prada Group has posted double-digit growth for the fourth consecutive year, bucking the luxury sector slide amid talk of a possible Versace acquisition.

Italy's Prada is in talks to buy Versace from the US investor Capri Holdings for a price that could reach nearly 1.5 billion euros, Bloomberg has reported. An agreement between Milan-based Prada and the New York-listed Capri could reportedly be finalized by the end of March.

Prada's profits rose 25% to 839 million euro last year, the fashion group said as it is reportedly poised to buy Versace. Prada Group recorded net revenues of 5.4 billion in 2024 (+17% compared to 2023 at constant exchange rates).

The Prada Group on Tuesday posted double-digit growth for the fourth consecutive year, bucking the luxury sector slide amid talk of a possible Versace acquisition.

ROME (AP) — The Prada Group on Tuesday posted double-digit growth for the fourth consecutive year, bucking the luxury sector slide amid talk of a possible Versace acquisition. The group ...

ROME (AP) — The Prada Group on Tuesday posted double-digit growth for the fourth consecutive year, bucking the luxury sector slide amid talk of a possible Versace acquisition. The group ...