Prada Finalises Cut-Price Acquisition of Versace in Major Italian Fashion Shake-Up
Prada has officially taken ownership of Versace, sealing a $1.38bn (£1.04bn) deal that brings two of Italy’s most recognisable luxury labels under the same corporate umbrella. The price represents a steep drop from the nearly $2bn Capri Holdings paid when it bought Versace in 2018. The acquisition strengthens Prada Group’s roster – which already includes…
