Prada will officially buy Versace. On April 10, Prada Group announced plans to purchase the Italian fashion house for $1.375 ...

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

The price Prada has agreed to pay is a big discount to the roughly $2.15 billion including debt that US-based Capri, then ...