Core Viewpoint - The acquisition of Versace by Prada has been officially completed for €1.25 billion, with expectations of significant growth potential for the Versace brand under the Prada Group's management [1] Group 1: Acquisition Details - Prada Group announced the completion of the acquisition of Versace for €1.25 billion, following all regulatory checks [1] - Lorenzo Bertelli, the current Chief Marketing Officer and Sustainability Director of Prada, will become the Executive Chairman of Versace [1] - The acquisition is expected to enhance Prada's portfolio, with Versace projected to contribute 13% to the total revenue of the Prada Group post-acquisition [1] Group 2: Financial Performance - Prada Group reported a revenue of €5.4 billion last year, marking a 17% year-on-year increase [1] - Versace's performance has been underwhelming in recent years, contributing approximately 20% to Capri Holdings' revenue for 2024 [1] - The Prada Group has invested €60 million in its supply chain this year, including the establishment of new factories in Italy [1] Group 3: Strategic Integration - Prada Group plans to integrate Versace into its Italian production system, leveraging similar expertise across brands [1] - The production facility in Scandicci, which currently produces for Prada and Miu Miu, is expected to soon include Versace products [1]

Group 1 - The core viewpoint of the article is that Prada's CEO Andrea Guerra announced the completion of the acquisition of Versace next week, with no further acquisition plans in the immediate future [1] - The acquisition is expected to be finalized on December 2, and Guerra emphasized that the company will dedicate at least three years to fully integrate Versace into its operations [1] - Guerra noted that Versace complements Prada's existing brand portfolio, which includes its flagship brand Prada and the smaller Miu Miu line [1]