Prada CEO Andrea Guerra rules out further acquisitions once the Versace deal is finalised. The luxury group says it will then focus entirely on integrating the Italian label for at least three years.
Completion in December
Guerra said this during an event celebrating the 25th anniversary of the group’s academy. “We will be fully engaged with Versace for at least three years”, adding that the Italian label complements the group’s existing brands: flagship Prada and smaller Miu Miu. The deal will be finalised on 2 December, Fashionnetwork reports.
