Versace would widen Prada's reach but fixes could hit short-term profits
- Posted on March 4, 2025
- By Business News Today
- 4 Views
Versace would widen Prada's reach but fixes could hit short-term profits
An acquisition of Versace by Prada could strengthen the Italian luxury group by expanding its brand base and resilience. However, restructuring Versace, which has faced mismanagement and operates at a loss, may take years and impact short-term profits, despite Prada's strong growth.
