ROME (AP) — The Prada Group announced a deal Thursday to buy crosstown Milan fashion rival Versace from the U.S. luxury group ...

The purchase, the largest in Prada’s 112-year history, returns Versace to Italian ownership and could put the company in a ...

Under Gianni Versace's leadership, Versace saw a meteoric rise to fame. The fashion house has faced many ups and downs since his death.

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

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