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 names in ...

Luxury major Prada will buy Versace for $1.38 billion from American parent company Capri Holdings. The long-anticipated deal will bring together two leading Italian labels in the luxury segment ...

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).