MILAN — Versace has “huge potential” and global brand awareness, according to Lorenzo Bertelli, head of CSR at Prada Group. For this reason, the acquisition “is super important to really reach new ...

Gianni Versace was heralded as a genius for his eponymous Versace fashion house. His siblings, Donatella and Santo, and niece, Allegra, took over the brand after his murder in 1997. Donatella served ...

Capri Holdings Ltd.’s stock soared 6.7% Monday, after a report that the company is close to selling its Versace brand to Italian fashion company Prada SpA in a deal valued at 1.5 billion euros ($1.6 ...

Prada seeks to expand despite luxury demand slowdown Versace could take years to restructure, affect short-term Prada profits Prada has skills to address Versace's shortcomings MILAN, March 4 (Reuters ...

The fashion world felt a seismic shift this week as the Prada Group officially completed its long-anticipated acquisition of Versace in a deal valued at €1.25 billion (nearly $1.4 billion). Two of ...

ROME (AP) — The Prada Group on Tuesday posted double-digit growth for the fourth consecutive year, bucking the luxury sector slide amid talk of a possible Versace acquisition. The group, which owns ...

When Prada announced its acquisition of Versace, the fashion world did what it always does when giants collide: speculate, panic and meme. But beneath the noise sits a serious question – what happens ...

MILAN (Reuters) - An acquisition of Versace by Italian luxury group Prada would create a company with a broader base that is more resistant to business cycles, but reviving the targeted brand could ...