Slaughter and May is advising Prada S.p.A. on its acquisition of Versace group from Capri Holdings Limited, for a total consideration of US$1.375 billion (approximately HK$10.67 billion), subject to certain adjustments. The transaction, which was announced on 10 April 2025, constitutes a discloseable transaction for Prada under Chapter 14 of the Hong Kong Listing Rules. Slaughter and May is Hong Kong counsel for the transaction.
Closing of the transaction is conditional on, amongst others, applicable competition law filings and approvals and no issuance of court order that renders the transaction illegal.
Prada group owns some of the world’s most prestigious luxury brands – Prada, Miu Miu, Church’s, Car Shoe, the historic Pasticceria Marchesi and Luna Rossa. It designs, manufactures and distributes ready-to-wear collections, leather goods and footwear in more than 70 countries.
Versace was founded in 1978 in Milan, and has long been recognised as one of the world’s leading international fashion design houses.
Capri is a global fashion luxury group consisting of iconic brands Versace, Jimmy Choo and Michael Kors. Its shares are listed on the New York Stock Exchange.
Slaughter and May advised Prada on its listing in Hong Kong in 2011 and has been acting as Hong Kong legal counsel to Prada since the listing.
Senior partner, Benita Yu, who leads the team, comments: “We are honoured to be assisting Prada on this landmark transaction in both the luxury industry and Prada’s own corporate history. We look forward to continuing to assist Prada in its exciting strategic developments.”
Hong Kong partner, Clara Choi, added: “Congratulations to Prada on this acquisition. We are very excited to have helped on the largest acquisition in Prada’s 112-year history which returns Versace to Italian ownership and strengthens Prada’s position as Italy’s largest luxury fashion group.”
Coleman Kam / Trainee Solicitor, Thomas Wong / Trainee Solicitor