4 d. 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 d. 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 d. 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 d. 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 d. 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 d. 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