The Italian fashion house was purchased for €1.25 bn from Capri, which is restructuring after a failed merger with Tapestry.

Prada is seeking to expand, having defied a slowdown in luxury demand, while Versace has been operating at a loss. The merger strengthens Italy's hand in the luxury industry led by French ...

Prada is seeking to expand, having defied a slowdown in luxury demand, while Versace has been operating at a loss in the last few quarters. The merger strengthens Italy’s hand in a luxury ...

The price Prada has agreed to pay is a big discount to the roughly $2.15 billion including debt that US-based Capri, then known as Michael Kors, paid for Versace in 2018 when it was sold by the ...

Prada's Versace deal revives hopes for 'Made in Italy' champion Italy lacks rival to French giants, despite luxury prowess Deal marks strategic shift for Prada under CEO Andrea Guerra MILAN ...

Prada said the 47-year-old Versace brand offered ... “An historic ‘Made in Italy’ brand is Italian again,” Industry Minister Adolfo Urso said. CT biotech company to conduct ‘mass ...

Italian fashion house Prada announced Thursday it had reached a deal with US group Capri Holdings to buy its flashy rival Versace for 1.25 billion euros ($1.38 billion). The acquisition will ...

Prada said that it had reached a deal to buy Versace for 1.25 billion euros, building a new Italian fashion powerhouse and hoping to insert much-needed "spark" into its smaller, flashier rival.

Prada acquires Versace for $1.375 billion, including debt Deal strengthens Italy's position in luxury fashion industry Prada aims to expand Versace's potential with disciplined execution US Capri ...

Prada has agreed to buy Versace in a 1.25 billion euro (£1.1 billion) deal that will see two of Italy’s biggest luxury fashion brands come together. The Milan-based Italian fashion house said ...

The Prada Group announced this week that it’s ... founder of the Fashion Law Institute at Fordham. “The Made in Italy label is key to luxury, but Made in Italy has to sell outside Italy ...