ROME (AP) — The Prada Group announced a deal Thursday to buy crosstown Milan fashion rival Versace from the U.S. luxury group Capri Holdings under terms that values one of the most recognizable names ...

Prada SpA agreed to buy Versace for about $1.38 billion in cash, strengthening its position as Italy’s largest fashion group by adding one of the luxury industry’s best-known brands.

Prada has struck a deal to buy smaller rival Versace from Capri Holdings in a move to unite two of the biggest names in Italian fashion. The deal has an enterprise value of $1.375 billion, Prada said ...

​Can you mix Prada with Versace, or is that a fashion faux pas? One iconic Italian fashion brand is buying another — the Prada Group announced this week that it’s buying the luxury design house ...

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 Prada Group has agreed to buy Italy's Versace from Capri Holdings in a deal valued at 1.25 billion euros ($1.4 billion).

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

This marks the end of Capri Holdings’ attempt to create an American luxury group to rival LVMH and Kering, while signaling an attempt by Prada to create an Italian competitor to the powerhouses ...

In a sartorial merger that blends sensual sex appeal with the intellectual uniform, Prada has officially purchased Versace for €1.25 billion (approximately $1.4 billion). What is arguably the biggest ...

The Prada Group has announced the purchase of the Versace fashion house from the US luxury group Capri Holding in a cash deal valued at $1.4 billion.

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 said the 47-year-old Versace brand offered ... “An historic ‘Made in Italy’ brand is Italian again,” Industry Minister Adolfo Urso said.