Prada Secures Versace in Cut-Price Deal, Reshaping the Italian Luxury Landscap
In a major shake-up for the global fashion industry, Prada has confirmed the acquisition of Versace a landmark move that unites two of Italy’s most iconic luxury houses under the same corporate umbrella. The purchase price, $1.38bn (£1.04bn), represents a steep markdown from the nearly $2bn that Capri Holdings paid in 2018, marking a dramatic … Read more