Wachtell, Lipton, Rosen & Katz advises Capri Holdings on $1.375B Versace sale to Prada. Capri to focus on Michael Kors and Jimmy Choo.

Capri Holdings Limited CPRI has entered into a definitive agreement to sell its Italian luxury fashion house Versace to Prada S.p.A. for $1.375 billion in an all-cash transaction. This significant deal is scheduled to close in the second half of calendar 2025.

Versace is changing hands after Capri Holdings and Prada Group agreed a $1.375 deal, which will see the luxury label join after Capri's collapsed merger with Tapestry.