Prada said it would acquire Versace from fashion conglomerate Capri Holdings for $1.38 billion, salvaging a deal that was at ...

On Thursday, in the biggest luxury deal of the year, Prada announced it was buying Versace for 1.25 billion euros ($1.38 billion) from Capri Holdings, a beleaguered New York group that at one point ...

This marks the end of Capri Holdings’ attempt to create an American luxury group to rival LVMH and Kering, while signaling an ...

Prada is seeking to expand, having defied a slowdown in luxury demand, while Versace has been operating at a loss in recent quarters. Sign up here. Owning Versace, with its bold, baroque-style ...

MILAN (Reuters) -Prada has struck a deal to buy smaller rival Versace from Capri Holdings in a move to unite two of the ...