Core Insights - The Prada Group has received approval from the European Commission to acquire Versace, with the EU stating that the transaction would not raise competition concerns due to the companies' limited market positions [1][2]. Acquisition Details - Prada's acquisition of Versace from Capri Holdings is valued at 1.25 billion euros and is expected to close in the second half of 2025 [2]. - The acquisition pertains to the design, production, and distribution of luxury goods, aligning with EU regulations on concentration [1]. Brand Management - Donatella Versace has transitioned from her role as creative director to chief brand ambassador, with Dario Vitale succeeding her and receiving positive reviews for his first collection [3]. - Lorenzo Bertelli, head of CSR at Prada Group, emphasized that the differences in aesthetics between Versace and Prada's existing brands could be a strength, allowing the group to reach new audiences [4]. Financial Projections - Prada Group reported an 8% increase in revenues to 2.74 billion euros in the first half of the year [5]. - Versace is projected to achieve revenues of $810 million in 2024, with an expected high-single-digit negative operating profit margin [5].