Prada group acquires fashion rival Versace in a nearly $1.4B deal
The Prada Group officially announced that the fashion brand has finally acquired its fellow Italian luxury house Versace in a $1.375-billion deal, six months after awaiting regulatory approval. Founded in 1978 by Gianni Versace, the fashion brand will join the group’s two main labels—Prada, and short but growing brand, Miu Miu. The linking of the […]








