Prada acquires rival fashion brand Versace – The Times of India
Prada’s acquisition of Versace from Capri Holdings for $1.375 billion marks a significant consolidation in Italian fashion. This strategic move aims to bolster Italy’s presence in the global luxury market, challenging French dominance. Prada seeks to revitalize the financially struggling Versace, leveraging its established platform. In a landmark move for Italian fashion, Prada has announced…
