Prada Group Acquires Versace for €1.25 Billion, Supreme Opens New Store in Miami, and Luxury Expands into Home Decor
In this week’s fashion news, the industry is buzzing with major acquisitions, store openings, and luxury brands branching out into new territories. Prada Group has officially acquired Versace for a whopping €1.25 billion, solidifying its position as a powerhouse in the luxury market. Meanwhile, Supreme, a recent addition to LVMH’s portfolio, has opened its 18th store in Miami’s design district. And at Milan Design Week, The Row surprised everyone with its debut homeware line. In the world of sports, Louis Vuitton has released a special gold menswear capsule to coincide with the 2025 Masters golf tournament. American designer label Bode also made waves by showcasing its FW25 collection in miniature form, showcasing its dedication to craftsmanship. And lastly, Stone Island launched its collaboration with Avi Gold’s Better Gift Shop in Toronto. Keep reading for a roundup of the top fashion stories of the week, curated by Hypebeast.
Prada Group Officially Acquires Versace
After months of speculation, Prada Group has officially acquired Versace from Capri Holdings for €1.25 billion. This historic deal adds Versace to Prada and Miu Miu in the group’s portfolio of flagship brands. In an official statement, Prada Group expressed excitement about the acquisition, stating that Versace has “significant untapped growth potential” and will be a valuable addition to the brand family. This news comes after Donatella Versace stepped down as artistic director and the brand enlisted Dario Vitale, a former Prada Group employee, to take over. While Versace has seen a decline in sales, Prada Group has had a successful year with an 18% increase in sales across all of its brands. The potential acquisition was first reported by Italian newspaper Il Sole 24 Ore in January, and later confirmed by Prada Group in February. With the deal now finalized, the industry is eager to see how Versace will integrate into the Prada brand family.
Supreme Opens New Store in Miami
On Thursday, Supreme opened its first-ever Florida boutique in the heart of the Miami Design District. The 3735 sqft store features artwork by Rita Ackerman, Harmony Korine, Mark Gonzales, Nate Lowman, and Fuck This Life. It also boasts a suspended skate bowl by Steven Badgett’s Simparch. To celebrate the opening, Supreme released a full-length skate film titled “Blessed” and a limited edition box logo tee exclusive to the Miami store.
Luxury Brands Expand into Home Decor
At Milan Design Week, The Row made its debut in the world of home decor with a stunning homeware line. The collection features luxurious pieces such as cashmere blankets, hand-blown glassware, and hand-painted ceramics. Louis Vuitton also got in on the home decor trend by releasing a special gold menswear capsule to coincide with the 2025 Masters golf tournament. And American designer label Bode showcased its FW25 collection in miniature form, highlighting its dedication to intricate craftsmanship. Stone Island also made a splash by launching its collaboration with Avi Gold’s Better Gift Shop in Toronto. It seems that luxury brands are expanding beyond fashion and into the world of home decor, offering their customers a complete lifestyle experience.
