The number of mergers and acquisitions in fashion fell by 26% in the first five months of 2025
In Italy, apart from Prada's big deal to acquire Versace for 1.25 billion euros from the American group Capri (Michael Kors), several other smaller-scale transactions were carried out at the beginning of the year. Firstly, investment funds focused on assets with stable performances and good cash flows, as in the Blue Pool Capital/Golden Goose, Alto Partners/Gallo and Borletti-Quadrivio/Twinset deals, but also on turnaround operations, as in the case of Bluestar Alliance, which bought Palm Angels.
At the same time, the strategy of supply chain consolidation pursued by brands, particularly in the luxury goods sector, continued, whether through buyouts or by acquiring a stake in their suppliers (Prada/Rino Mastrotto, Richemont/Maglificio Miles, Chanel/Grey Mer, Mantero Seta and Leo France, Gentili Mosconi/Manifatture Tessili Bianchi) or through acquisitions by financial investors in the production chain (Armonia/Millefili, Sienna SA/Vicenza Mode and J Jardin/Nanan).
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