Italian fashion giant Prada buys Versace – at a discount
Prada announced on Tuesday that it has acquired Versace in a deal valued at $1.38 billion (£1.04 billion). This acquisition combines two prominent Italian luxury fashion houses under one management. The transaction amount is significantly lower than the approximately $2 billion that Versace’s previous owner, Capri Holdings, paid for the brand in 2018. The acquisition […]
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