All articles tagged with #italian brands
Prada has acquired Versace for $1.38 billion, expanding its portfolio and aiming to compete with other luxury giants, after Versace's sales slowed and its sale was at a significant discount, with proceeds helping Capri Holdings reduce debt.
Prada Group has acquired fashion rival Versace for nearly $1.4 billion, aiming to relaunch Versace's fortunes and integrate it into Prada's manufacturing system, with Lorenzo Bertelli overseeing the brand's next phase.
Prada Group has acquired fashion rival Versace in a $1.375 billion cash deal, aiming to relaunch Versace's fortunes and integrate it into Prada's manufacturing system, with plans for growth and creative renewal under new leadership.