Prada Acquires Versace for $1.375 Billion: A Game-Changing Move in Luxury Fashion
Milan, Italy — In a bold and strategic move, Prada has agreed to purchase its rival Versace from Capri Holdings for $1.375 billion. The deal, which also includes Versace’s existing debt, marks a historic moment in the luxury fashion world, uniting two of Italy’s most renowned brands under one roof. This acquisition is poised to redefine the landscape of high-end… Continue reading