Coinciding with her 70th birthday this year, Donatella Versace is stepping down as creative director of Versace after almost ...

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Italian fashion giant Versace, the long-held family business known for its flashy, sexy designs and Medusa head logo ... and the stewardship of the brand's legacy by his sister, Donatella.

Versace will join Prada and Miu Miu ... as well as an understanding of the consumer power of brand semiology — the upside triangle, the medusa head — and a belief in the importance of family.

Prada is looking to drum up $1.5 billion to complete the takeover, with another $1 billion earmarked to relaunch and revive Versace’s Medusa brand, the newspaper said.

The Prada Group has agreed to buy rival Versace from the U.S. luxury group Capri Holdings in a deal valuing the Milan fashion house at 1.25 billion euros ($1.4 billion.

There has already been a lot of major fashion news this year, and one of the most significant announcements was Prada’s ...

The deal will put Versace, known for sexy silhouettes and bold Greco and Medusa motifs ... Prada said the 47-year-old Versace brand offered “significant untapped growth potential.’’ ...