Lorenzo Bertelli, the heir of the Italian luxury group Prada, announced that the company is open to new acquisitions after completing the takeover of Versace for 1.4 billion dollars.
Although he mentioned a potential interest in the fashion house Giorgio Armani, Bertelli emphasized that there have been no contacts until now. The current priority of the group is the integration of Versace, a brand that seeks to regain its reputation. The death of the founder of Armani has opened up possibilities for change, and his will provides for the gradual sale of the brand. Bertelli, who will become the executive chairman of Versace, acknowledged that he was a supporter of the deal and that Prada is not rushing the process of revitalizing the brand. He also ruled out a short-term listing in Milan, despite exploratory discussions with EssilorLuxottica for smart glasses. Prada remains resilient due to the performance of the Miu Miu brand and profitable licenses.