Xin Lang Cai Jing·2025-12-03 04:17Group 1 - Prada Group has completed the acquisition of Versace for €1.25 billion (approximately ¥10.278 billion) [1] - As part of the financing arrangement for Versace, Prada has established a €1.5 billion financing agreement, which includes €1 billion in term loan financing and up to €500 million in transitional term loan financing [1] - The acquisition price of $1.375 billion represents a nearly one-third decrease from the €2 billion paid by Capri Holdings in 2018, indicating a strategic opportunity for Prada to acquire Versace during a low point [1] Group 2 - Both brands are headquartered in Milan, and the integration is seen as a deep aggregation of Italian luxury manufacturing genes [2] - Prada's chairman, Patrizio Bertelli, stated that Versace's bold aesthetics will bring a new dimension to the company, emphasizing the intention to maintain its tradition rather than alter its essence [2] - Versace's recent performance has been underwhelming, contributing approximately 20% to Capri Holdings' revenue for 2024, but Prada believes there is significant growth potential to be developed [2] Group 3 - Following the acquisition, Versace is expected to account for 13% of Prada Group's total revenue, while Prada and Miu Miu will account for 64% and 22%, respectively [2] - Prada Group reported revenue of €5.4 billion last year, reflecting a 17% year-on-year growth [2] - The luxury goods industry is facing a slowdown, with McKinsey predicting that global luxury sales growth will decline to 2%-4% annually from 2025 to 2027, making differentiated competition crucial [3]