Luxury Italian fashion house, Prada, has snatched up its rival and fellow Milan brand Versace for a whopping €1.25 billion ($2.2 billion AUD) despite global market chaos. Prada Group bought ...

Prada has officially announced the acquisition of iconic fashion house Versace. The deal, valued at around $1.4 billion in cash, was confirmed by Prada on Thursday. The move signals a major shift ...

Led by the dynamic duo of Miuccia Prada and Patrizio Bertelli, with CEO Andrea Guerra steering the ship, Prada Group is calling this acquisition a bold bet on the future, not a penny-pinching move.

Prada acquired the Italian fashion house from Capri Holdings (who also own Jimmy Choo and Michael Kors) for €1.25 billion pending approval, following negotiations that began in February this year.

Capri, which also owns Jimmy Choo and Michael Kors, had to accept a reduced price from Prada amid the market turmoil caused by US President Donald Trump's tariffs [Image: Stephanie de Sakutin/AFP] ...

Prada is set to buy the Italian fashion brand Versace from Capri Holdings (CPRI.N) for 1.25 billion euros ($1.38 billion), said a report in The New York Times. Andrea Guerra, Prada Group’s chief ...

ROME (AP) — The Prada Group announced a deal Thursday to buy crosstown Milan fashion rival Versace from the U.S. luxury group Capri Holdings under terms that values one of the most recognizable ...

ROME — (AP) — The Prada Group announced a deal Thursday to buy crosstown Milan fashion rival Versace from the U.S. luxury group Capri Holdings under terms that values one of the most recognizable ...

Prada struck a $1.38 billion deal to buy smaller rival Versace from Capri Holdings on Thursday in a move that unites two of the biggest names in Italian fashion. Prada is seeking to expand, having ...

Prada struck a deal today to buy smaller rival Versace from Capri Holdings for $1.375 billion, which includes its debt, in a move that unites two of the biggest names in Italian fashion.

By Alex Weprin Media & Business Writer In a billion dollar deal that shakes up the world of luxury fashion, Prada has agreed to buy Versace from its owner Capri Holdings. The all cash deal ...