News

Fashion deal: Prada to buy Versace for $1.375B
Capri Holdings agreed to sell Versace to Prada for $1.375 billion. Word of the deal was reported on Wednesday, but at the ...
Versace’s ‘quiet luxury’ blunder opened door to Prada takeover
Fashion executive John Idol sold Versace to Prada for $US1.38 billion ($2.2 billion), a roughly $US700 million loss.
Prada Group buys Versace fashion house from its U.S. owner in a deal valued at $1.4 billion
The Prada Group announced the purchase of the Versace fashion house from the U.S. luxury group Capri Holding in a cash deal valued at 1.25 billion euros ($1.4 billion.) ...
Prada buys Versace for $1.4B to create Italian fashion powerhouse: ‘Huge potential’
The merger strengthens Italy’s hand in a luxury industry led by French conglomerates, the biggest being Louis Vuitton owner ...