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 ...

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-needed “spark” into its ...

Two of the biggest names in Italian fashion, Prada and Versace, will merge, the companies announced Thursday. Prada shelled out $1.375 billion to acquire its smaller rival—which has been ...

Prada struck a $1.375 billion deal to buy smaller rival Versace from Capri Holdings on Thursday, including its debt, in a move that unites two of the biggest names in Italian fashion. Prada is ...

Prada's acquisition of Versace from Capri Holdings for $1.375 billion marks a significant consolidation in Italian fashion. This strategic move aims to bolster Italy's presence in the global ...

On Thursday, luxury brand Prada announced it is buying Versace from Capri Holdings for 1.25 billion euros (over 1,000 crores). On her Instagram, Donatella Versace wrote: “I am absolutely ...

Prada struck a $1.375 billion deal to buy smaller rival Versace from Capri Holdings on Thursday, including its debt, in a move that unites two of the biggest names in Italian fashion. Prada is ...

ROME -- 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).

$ 12.625 USD 0.625 5.21% ...

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 ...

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 ...