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

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 ...

The deal is a big bet on the value of “Made in Italy.” 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 ...

MILAN (Reuters) - Prada's deal to buy Versace revives hopes for a 'Made in Italy' luxury champion after many other family-founded brands ended up in French, Swiss or U.S. hands, and comes as many ...

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 ...

ROME (AP) — The Prada Group announced a deal Thursday to buy crosstown Milan fashion rival Versace from the U.S. luxury group ...

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 struck a deal to buy smaller rival Versace from Capri Holdings in a move to unite two of the biggest names in Italian fashion.

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 ...

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 ...

The purchase, the largest in Prada’s 112-year history, returns Versace to Italian ownership. Read more at straitstimes.com. Read more at straitstimes.com.