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

After months of exclusive talks, Prada Group—led by Miuccia Prada and Patrizio Bertelli—has officially acquired Versace from Capri Holdings for €1.25 billion.

Prada bought Versace for $1.4 billion less than a month after Donatella Versace stepped down from the latter brand as a creative director.

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.

Italian fashion giant Versace, the long-held family business known for its flashy, sexy designs and Medusa head logo, will now become part of Prada, its larger rival and polar opposite ...

The merger creates a €6 billion fashion powerhouse as Prada eyes the revival of the iconic Italian brand amid global luxury slowdown.