prada

Major Shake-Up: Prada Acquires Versace For $1.38 Billion In Historic Deal After $200 Million Discount

In a landmark move that reshapes Italy's luxury fashion landscape, Prada SpA has confirmed its acquisition of Versace for $1.38 billion (approximately €1.25 billion). The all-cash deal marks the biggest acquisition in Prada’s 112-year history, returning the iconic Versace brand to Italian ownership and enhancing Prada’s ability to compete with...