A different kind of fashion shakeup: Prada will soon be the owner of Versace. On Thursday, it was confirmed that the Prada ...

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

The luxury world is no stranger to shakeups, and today’s breaking luxury news is another major turning point in a year full ...

The purchase officially brings the brand back into the folds of Italian luxury.

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

Luxury fashion brand Prada has bought fellow Italian-founded luxe labvel Versace in a $2.2 billion dollar deal.

Guerra added that the recent creative shakeup at Versace, with Miu Miu head of design Dario Vitale replacing Donatella Versace as creative director effective April 1, had nothing to do with the deal.

Capri, which also owns Jimmy Choo and Michael Kors, and the Prada Group have been locked in exclusive negotiations for more than a month. Capri’s initial asking price of €3bn and the future of Versace ...

Capri Holdings' stock is under pressure but holds potential as Versace's divestiture boosts value. Read more on CPRI stock ...

Italian fashion giant Versace, the long-held family business known for its flashy, sexy designs and Medusa head logo, will ...

Think of iconic Italian fashion houses—Gucci, Prada, Dolce & Gabbana—and the list is not complete without Versace. But, after 27 years at the helm, Donatella Versace announced just last week ...