Donatella Versace is giving up the creative reins of luxury fashion label Versace after nearly three decades, effectively ending the family’s hold over the brand founded by her murdered brother.

MILAN, March 14 (Reuters) - Luxury fashion group Prada's (1913.F), opens new tab CEO Andrea Guerra has flown to New York, a source close to the matter told Reuters, as the group is in talks to buy ...

Huge change is afoot in Milan with the news that Donatella Versace is set to step down from her position as chief creative officer of her late brother Gianni Versace's namesake fashion house ...

Now, a new power play is taking place as the Prada Group wants to acquire Versace from Capri Holdings in a $1.6 billion USD (~$2.5 billion AUD) deal that could drop as soon as this month.