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Prada agrees to buy rival fashion house Versace in a deal valued at $1.4 billion
The Prada Group has agreed to buy rival Versace from the U.S. luxury group Capri Holdings in a deal valuing the Milan fashion house at 1.25 billion euros ($1.4 billion.) Versace, which was founded in 1978 by the late Gianni Versace,
Under Gianni Versace's leadership, Versace saw a meteoric rise to fame. The fashion house has faced many ups and downs since ...
On Thursday, in the biggest luxury deal of the year, Prada announced it was buying Versace for 1.25 billion euros ($1.38 ...
Prada reported a 15% jump in annual net sales worth €5.4 billion ($6 billion) in March. Miu Miu, Prada's sister brand, has been instrumental in the company's recent growth streak, as its revenues ...
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