7 d. ago HSBC accused of ‘bulldozing through’ key climate policy with $1bn Glencore deal

New analysis from the Bureau of Investigative Journalism and The Independent has found that in May 2023 the bank helped raise funds for the mining giant despite climate promises

Economics

2 w. ago Major Man City Club World Cup decision confirmed after $1bn deal

Latest Manchester City news ahead of this summer's inaugural FIFA Club World Cup

Economics

4 w. ago Prada announces it is buying huge competitor in £1.3b deal to unite Italian luxury fashion brands

In person, they couldn't be more different. One loves skin-tight leather, four-inch heels, bottle-blonde hair and a mahogany tan.

Economics

4 w. ago Prada buys Versace in €1.25bn deal uniting Italy’s biggest fashion brands

Prada has secured Versace at a €180m discount amid market turmoil and after months of speculationPrada has agreed to buy the Versace fashion brand for €1.25bn ($1.38bn) from the fashion conglomerate Capri Holdings.It comes after months of speculation about a potential deal to combine the two Italian fashion houses and, more recently, rumours that the acquisition was set to collapse after market upheaval in response to President Trump’s tariff policies. Continue reading...

Economics

4 w. ago Prada’s €1.25bn Versace takeover: a new era for Italian luxury

Prada has secured Versace at a €200m discount amid market turmoil, uniting two Italian fashion powerhousesPrada has agreed to buy the Versace fashion brand for €1.25bn ($1.38bn) from the fashion conglomerate Capri Holdings.It comes after months of speculation about a potential deal to combine the two Italian fashion houses and, more recently, rumours that the acquisition was set to collapse after market upheaval in response to President Trump’s tariff policies. Continue reading...

Politics

4 w. ago Prada buys rival Versace from beleaguered US owner for 1.25 billion euros amid tariffs chaos in biggest luxury deal of the year

The acquisition will create a luxury group with revenues of over six billion euros that could better compete with industry giants such as the French conglomerates LVMH and Kering.

Economics

4 w. ago Prada Group buys rival Versace from its U.S. owner in deal valued at $1.4 billion

The deal comes a month after Donatella Versace stepped down as creative director of the Italian fashion house

Economics

4 w. ago Prada agrees to buy Italian fashion rival Versace in £1.1bn deal

The Milan-based Italian fashion house said it was acquiring 100% of the brand from the owner of Michael Kors and Jimmy Choo.

Economics

4 w. ago Prada buys luxury fashion rival Versace in £1.1 billion 'Made in Italy' deal

The deal was almost scuppered by the tariff chaos of recent weeks but closed today

Economics

4 w. ago Prada buys luxury fashion rival Versace in £1.1 billion luxury deal

The deal was almost scuppered by the tariff chaos of recent weeks but closed today

Economics

4 w. ago Prada cuts Versace purchase price by $200mn after Trump tariffs

Italian fashion group set to announce $1.38bn tie-up with Capri-owned house as soon as Thursday

Economics