Prada SpA is not currently seeking major acquisitions, as CEO Andrea Guerra emphasized the focus on nurturing its own brands. At an event in Venice, Guerra stated there were no new developments on the mergers and acquisitions front. This comes amid speculation in the fashion industry after Giorgio Armani hinted at potential changes for his company. Guerra expects more M&A activity in the industry over the next few years, predicting significant consolidation. Prada has made strategic investments in recent years, including a stake in tannery Superior and collaborations with Zegna in cashmere and knitwear companies. Guerra reaffirmed Prada’s commitment to investing in Italy and consolidating smaller suppliers to build scale and stability.