Wednesday, March 11, 2026

Prada takes ownership of fashion rival Versace in $1.4-billion deal

Prada heir Lorenzo Bertelli is set to take on a new role in the fashion world as the executive chairman of Versace. This announcement has sent shockwaves through the industry, with many eagerly anticipating the changes and innovations that Bertelli will bring to the iconic brand.

The news of Bertelli’s appointment was announced by Versace’s current CEO, Jonathan Akeroyd, who expressed his excitement and confidence in Bertelli’s ability to lead the brand into its next phase of success. Akeroyd also highlighted Bertelli’s extensive experience and knowledge in the luxury fashion industry, making him the perfect candidate for the role.

Born into a fashion dynasty, Lorenzo Bertelli has been surrounded by the world of high-end fashion since a young age. His parents, Miuccia Prada and Patrizio Bertelli, are the co-CEOs of Prada, one of the most renowned luxury fashion houses in the world. With such a strong fashion background, it’s no surprise that Bertelli has developed a keen eye for design and a deep understanding of the industry.

Bertelli’s appointment as executive chairman of Versace comes at a crucial time for the brand. After being acquired by Capri Holdings Limited (formerly known as Michael Kors Holdings Limited) in 2018, Versace has been undergoing a period of transformation and growth. The brand has been expanding its product offerings, with a focus on accessories and footwear, and has also been making strides in sustainability and inclusivity.

With his impressive track record and expertise, Bertelli is expected to bring a fresh perspective and new ideas to Versace. He has a proven track record of success at Prada, where he has held various roles, including head of marketing and communication, head of e-commerce, and most recently, head of digital communication and e-commerce. Under his leadership, Prada has seen tremendous growth in its online presence and sales, and it’s anticipated that he will bring the same level of success to Versace.

Bertelli’s appointment also marks a significant shift in the fashion industry, as more and more young and innovative leaders are taking on top positions in established luxury brands. This trend is a reflection of the changing landscape of the industry, with a greater focus on digital and e-commerce, as well as the growing influence of younger generations in the luxury market.

In his new role, Bertelli will be responsible for overseeing all aspects of the Versace brand, from design and product development to marketing and communication. He will work closely with Akeroyd and the Versace team to continue the brand’s growth and maintain its position as one of the leading luxury fashion houses in the world.

Bertelli’s vision for Versace is to build on the brand’s rich heritage and DNA while infusing it with a modern and innovative approach. He plans to focus on expanding the brand’s global reach, particularly in emerging markets, and tapping into the growing demand for sustainable and inclusive fashion.

The fashion world is eagerly anticipating the changes that Bertelli will bring to Versace. His appointment has already sparked excitement and curiosity among industry insiders and fashion enthusiasts alike. With his passion for fashion and proven leadership skills, Bertelli is well-equipped to take Versace to new heights and solidify its position as a top luxury brand.

In conclusion, the appointment of Lorenzo Bertelli as executive chairman of Versace is a significant move for the brand and the fashion industry as a whole. With his impressive background, fresh perspective, and innovative ideas, Bertelli is poised to lead Versace into a new era of success and growth. The future looks bright for Versace, and we can’t wait to see what Bertelli has in store for the iconic brand.

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