For decades, the fiercely independent Prada SpA Chairman Patrizio Bertelli talked about the need for Italian fashion houses ...

Prada has just agreed to buy Versace for $1.38 billion, weeks after Donatella Versace, the original owner, stepped down.

Versace, the legendary Italian luxury fashion house, has always been synonymous with bold designs, opulence, and innovation.

With new ownership typically comes a new look, from the clothes themselves to a brand’s backend operations. What’s next for ...

Donatella Versace, who held the role of Versace’s chief creative officer for nearly 30 years, stepped down last month.

On Thursday, in the biggest luxury deal of the year, Prada announced it was buying Versace for 1.25 billion euros ($1.38 ...