The all-cash deal, subject to customary closing conditions and regulatory approvals, is expected to be completed in the ...

Capri Holdings agreed to sell Versace to Prada for $1.375 billion. Word of the deal was reported on Wednesday, but at the ...

The acquisition will create a luxury group with revenues of over six billion euros that could better compete with industry ...

Fashion conglomerate Capri Holdings has agreed to sell Italian luxury brand Versace to Prada for almost $1.4 billion.

Prada, led by Miuccia Prada and Patrizio Bertelli, said its Versace acquisition is set to be completed in the second half of this year.

Capri Holdings, which also owns Jimmy Choo and Michael Kors, says that it will use the cash from the deal to invest in its ...

Prada is seeking to expand after defying a broader luxury industry slowdown that has seen Versace operate at a loss.

PARIS] Prada agreed to buy Versace for US$1.38 billion in cash in a deal aimed at strengthening its position as Italy’s ...

Prada has agreed to buy its smaller rival Versace in a billion dollar deal to unite two of the biggest designer fashion ...

Donatella Versace, who held the role of Versace’s chief creative officer for nearly 30 years, stepped down last month.

The Prada Group announced a deal Thursday to buy Italy’s Versace from the U.S. luxury group Capri Holdings under terms that value the fashion house at 1.25 billion euros ($1.4 billion).