Prada to acquire Versace for €1.25 billion, uniting Italy’s top fashion houses
The Prada Group announced on Thursday that it has agreed to pay €1.25 billion (₱80.3 billion) to acquire Versace, the Italian fashion brand, from U.S. luxury group Capri Holdings. In addition to the Prada and Miu Miu fashion brands, Prada said that Versace’s “highly recognizable aesthetic … constitutes a strongly complementary addition” to its portfolio. […]








