Goldman Sachs is spearheading a $2.77bn financing package to support Prada’s proposed acquisition of Versace, according to a report from Italian daily MF. 

The investment bank is leading a consortium to provide €2.5bn in funding, with €1.5bn earmarked for the purchase of the Capri Holdings-owned fashion house, and the remaining €1bn allocated to revive Versace’s performance post-acquisition.

The financing move underscores Goldman Sachs’ ongoing role in high-profile cross-border transactions within the luxury retail sector. At the time of reporting, the firm had not issued a statement regarding the deal.