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

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

In March, Donatella Versace announced plans to step down after 27 years at the brand, where she will continue to work with the brand in an ambassadorial capacity. And on April 1, Dario Vitale—a ...

It is also the largest acquisition in Prada's 112-year history. According to the BBC, Donatella Versace, who stepped down from her creative director role in March after nearly three decades ...