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Prada to Buy Versace for Nearly $1.4 Billion
On Thursday, in the biggest luxury deal of the year, Prada announced it was buying Versace for 1.25 billion euros ($1.38 billion) from Capri Holdings, a beleaguered New York group that at one point styled itself as the American answer to the great fashion groups of France.
Prada to buy Versace in a deal valued at $1.4 billion
The Prada Group announced a deal Thursday to buy Italy's Versace from the U.S. luxury group Capri Holdings under terms that value the fashion house at 1.25 billion euros ($1.4 billion). Prada said the addition of Versace's "highly recognizable aesthetic
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Prada posts double-digit growth in 2024 in a down market as it eyes Versace acquisitionROME (AP) — The Prada Group on Tuesday posted double-digit growth for the fourth consecutive year, bucking the luxury sector slide amid talk of a possible Versace acquisition. The group ...
Dario Vitale (left) at Miu Miu: Dinner Party during Paris Fashion Week S/S 2024 (Photo by Arnold Jerocki/Getty Images for Miu Miu) Dario Vitale is set to succeed Donatella Versace as the Chief ...
ROME (AP) — The Prada Group on Tuesday posted double-digit growth for the fourth consecutive year, bucking the luxury sector slide amid talk of a possible Versace acquisition. The group ...
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