"Prasace": Internet reacts to Prada buying Versace after Donatella's step down in $1.38 billion deal

Prada has just agreed to buy Versace for $1.38 billion, weeks after Donatella Versace, the original owner, stepped down. Prior to Prada owning the Italian luxury fashion brand, it was purchased by Capri Holdings. The fashion world is shook at the merging of these two iconic powerhouses. Fashion enthusiasts and netizens in general are looking forward to what Prada will do next with Versace in their court.

No Jumper posted on their X account about the merging of the two Italian luxury fashion houses. They captioned their post:

"Prada buys Versace for nearly $1.4 billion in cash 💰 " - @nojumper wrote.

Netizens had many questions about Prada's acquisition of Versace. Some have even come up with a new name for the two fashion houses. One fan commented:

"Prasace."

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How did netizens react to Prada buying Versace for almost $1.4 billion?

Netizens had a lot to say about Prada owning Versace. There are those who say that Versace fell off the fashion scene hard. Others think that selling was a good move on Versace's part. However, a few comments also question No Jumper's caption.

Keep reading and see what netizens think of this new development in the fashion world.

One user commented on how the quality of Versace products has deteriorated over the years. The comment reads:

"Versace needs to go back to the classy look and not that woke Temu garbage. Wanna see them do more with their sneaker line."

Others believe that the brand has been going through a rough patch, said:

"Versace been falling off they needed something fs‼️ "

Another netizen commented:

"Major move."

A loyal Versace fan commented:

"I’ll forever wear vintage Versace. Gianni was in his bag."

There are also netizens who called out No Jumper's caption, where they claimed that Prada bought Versace "in cash" for almost $1.4 billion. This is what X users had to say:

"In cash? 🤨 like literally?" - @mustbetwoStinos asked.

"cash?! they told you that" - @Watchables22435 added.

However, not everyone is a fan of Versace or Prada. These netizens also had something to say:

"Y’all need to stop buying this stuff don’t worship these symbols" - @Destine319860 declared.

"Overpriced mid buys overpriced mid for 1.4billion" - @ms__lost said.

"Who tf wears versace or prada" - @cumi asked.

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With this big move from Prada, the fashion world is buzzing with curiosity and has sparked different reactions from everyone. Whether this means a fresh start for Versace or a smart power play by Prada, one thing is for sure: everyone is watching to see what happens next.