Goldman Sachs is set to lead a €2.5 billion ($2.77 billion) financing package to support Italian luxury fashion house Prada in its planned acquisition of Versace, according to a report published Friday by Italian financial daily Milano Finanza (MF).
The financing, backed by a consortium of banks, will provide Prada with the capital necessary to purchase Versace from Capri Holdings and to invest in revitalizing the iconic fashion brand. According to the report, approximately €1.5 billion of the loan will be allocated to the acquisition itself, while the remaining €1 billion will be dedicated to relaunching and repositioning Versace, which has reportedly faced operational and brand challenges in recent years.
The deal represents development in the global luxury fashion industry, as it would bring together two of Italy’s most recognizable brands under Prada’s control, marking a potential shift in market dynamics amid growing consolidation in the sector.
Goldman Sachs declined to comment on the report, and further details regarding the financing structure or timeline of the acquisition have not yet been publicly disclosed.
Capri Holdings, the current parent company of Versace, has not issued a statement regarding the reported transaction. The move comes as luxury brands continue to seek scale and operational synergies in an increasingly competitive and globalized market.
If finalized, the acquisition would reinforce Prada’s standing as a global powerhouse in high fashion and luxury, and could signify a strategic pivot in the brand’s growth strategy — positioning it not only as a leader in design and heritage but also as a consolidator in the luxury landscape.
