News
Prada buys high fashion rival Versace for $1.4 billion
Prada will buy rival fashion house Versace for $1.4 billion in a deal uniting the two biggest names in Italian luxury, the brands announced Thursday. The deal is part of a series of shakeups at Versace, where longtime creative leader Donatella Versace stepped aside last month.
Prada to Buy Versace for Nearly $1.4 Billion
On Thursday, in the biggest luxury deal of the year, Prada announced it was buying Versace for 1.25 billion euros ($1.38 billion) from Capri Holdings, a beleaguered New York group that at one point styled itself as the American answer to the great fashion groups of France.
Under Gianni Versace's leadership, Versace saw a meteoric rise to fame. The fashion house has faced many ups and downs since his death.
so has Donatella, who famously underwent a major transformation in her face before announcing that she is stepping down as the head of Versace to become its global ambassador. Though she hasn’t ...
Italian luxury house Versace has named its successor to Donatella Versace, who is stepping down as chief creative officer, a ...
InStyle on MSN14h
Miuccia, Meet Donatella: Prada Is Buying Versace for $1.375 BillionPrada will officially buy Versace. On April 10, Prada Group announced plans to purchase the Italian fashion house for $1.375 ...
Donatella Versace, the visionary who steered the Versace brand through triumph and tragedy, has stepped down as chief creative officer, Versace's U.S. owner Capri Holdings announced on ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback