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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 ...

“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 ...