Six years later, that vision has unraveled. He’s sold Versace to Prada SpA for $1.38 billion, a roughly $700 million loss, and sales growth is significantly off course. Capri is expecting ...

“We are delighted to welcome Versace to the Prada Group and to build a new chapter for a brand with which we share a strong commitment to creativity, craftsmanship and heritage,” said Patrizio ...

Prada, led by Miuccia Prada and Patrizio Bertelli, said its Versace acquisition is set to be completed in the second half of this year. Italian luxury brand Prada on Thursday confirmed its ...

Prada will buy fashion rival Versace in a massive 1.3 billion deal. Prada has sealed a $1.375 billion deal to acquire Versace from Capri Holdings in one of the biggest luxury mergers of this century.

Prada is set to buy the Italian fashion brand Versace from Capri Holdings (CPRI.N) for 1.25 billion euros ($1.38 billion), said a report in The New York Times. Andrea Guerra, Prada Group’s chief ...

Prada has agreed to acquire Versace from U.S.-based Capri Holdings for €1.25 billion ($1.39 billion). The deal will create a luxury group with over €6 billion in annual revenue, aiming to better ...

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 ...

Milan (Italy) (AFP) – Prada said Thursday that it had reached a deal to buy Versace for 1.25 billion euros ($1.38 billion), building a new Italian fashion powerhouse and hoping to insert much ...

IN ONE OF THE BIGGEST shake-ups in the Italian fashion world Prada has officially acquired Versace. Yes, you read that right — Miuccia’s house of cerebral cool has taken ownership of Donatella ...

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 ...