Prada bags Versace in $1.38 billion deal, aims to outshine french fashion titans – Times of India
NEW DELHI: Italian powerhouse Prada announced Thursday it will acquire flamboyant rival Versace from US-based Capri Holdings in a €1.25 billion (over Rs 12,000 crore) deal, a move poised to reshape the balance of power in high fashion.The deal, set to close in the second half of 2025, creates an Italian luxury giant with revenues…