The EU Commission approved the takeover of the competitor Versace by the Italian fashion group Prada on Tuesday for 1.25 billion euros. The authority found that the acquisition does not raise any concerns about competition law.
The takeover was taken after Donatella Versace ended her almost 30 years as a creative director at Versace.
The European Commission said that it came to the conclusion that the takeover “would not raise any concerns about competition law”. This is based on the limited transaction by the limited market positions of the companies.
The Prada Group, which also includes the young line Miu Miu, announced that the takeover of Versace in the second half of 2025 was completed.
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