Italian luxury group Prada is set to make a decision this week about a potential takeover of smaller rival Versace, a source close to the matter said on Sunday, as the negotiations enter a final ...

By Vanessa Friedman 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 ...

Versace, bought for 1.83 billion back in 2018, has struggled under Capri's playbook. Sales dropped 11% last quarter. Profitability? Still elusive. The brand lost its creative anchor last month ...

IN ONE OF THE BIGGEST shake-ups in the Italian fashion world Prada has officially acquired Versace. Yes, you read that right — Miuccia’s house of cerebral cool has taken ownership of Donatella ...

Luxury Italian fashion house, Prada, has snatched up its rival and fellow Milan brand Versace for a whopping €1.25 billion ($2.2 billion AUD) despite global market chaos. Prada Group bought ...

Prada 19130.72%increase; green up pointing triangle said it would acquire Versace from fashion conglomerate Capri Holdings CPRI 2.08%increase; green up pointing triangle for $1.38 billion ...

“We aim to continue Versace’s legacy celebrating and re-interpreting its bold and timeless aesthetic,” Patrizio Bertelli, the chairman of Prada, said in a statement. “At the same ...

Italian luxury group Prada is set to make a decision this week about a potential takeover of smaller rival Versace, a source close to the matter said on Sunday, as the negotiations enter a final ...

Versace’s brand equity has suffered from Capri’s policy of licensing many of its products to third parties, including Luxottica and Euroitalia. Versace’s sales fell by almost 11 per cent in ...

MILAN (Reuters) - Italian luxury group Prada is set to make a decision this week about a potential takeover of smaller rival Versace, a source close to the matter said on Sunday, as the ...

financing line to help the Italian fashion group in its acquisition of Capri Holdings-owned Versace, Italian daily MF reported on Friday. Some 1.5 billion euros would be used for the acquisition ...