Prada Acquires Versace in $1.375B Deal, Ushering in New Era of Italian Luxury
Prada Buys Versace in $1.375 Billion Deal to Reinforce Italian Fashion PowerIn a major shake-up for the luxury fashion world, Prada has struck a $1.375 billion deal to acquire Versace, including the brand’s existing debt. The acquisition comes as Prada continues to outperform amid a slowing global luxury market, while Versace has faced ongoing financial […]
