The Prada Group announced a deal Thursday to buy Italy's Versace from the U.S. luxury group Capri Holdings under terms that value the fashion house at 1.25 billion euros ($1.4 billion). Prada said the ...

Prada has snapped up rival luxury label Versace in a Euros1.25 billion (£1. 1 billion) takeover deal.The elite fashion house acquired Versace from US based fashion conglomerate Capri Holding in a ...

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 ...

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.

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 a luxury industry led by French conglomerates.

Two of Italy’s biggest fashion houses are joining forces, as Prada acquires Versace for €1.25 billion set to reshape the ...

Luxury Italian fashion group Prada, which recently acquired its smaller rival Versace, reported Wednesday a 12.5 percent increase in ...

Models wear creations as part of the Versace Fall/Winter 2025-2026 Womenswear collection presented in Milan, Italy, Friday, Feb. 28, 2025. (AP Photo/Luca Bruno)(Luca Bruno / AP) The deal will put ...

The Prada Group announced a deal Thursday to buy Italy's Versace from the U.S. luxury group Capri Holdings under terms that value the fashion house at 1.25 billion euros ($1.4 billion).

Versace represented 20% of Capri Holdings 2024 ... "An historic ‘Made in Italy’ brand is Italian again,'' Industry Minister Adolfo Urso said. On the latest episode of "Sarra Sounds Off ...