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 has completed its acquisition of rival luxury fashion brand Versace for $1.4 billion, marking a significant consolidation in the high-end fashion industry.
Prada has acquired Versace in a $1.375 billion deal, aiming to revitalize the iconic brand by leveraging Prada's minimalist aesthetic and Versace's bold style, with plans for a creative relaunch and integration into Prada's manufacturing system.
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.
Meta is expected to launch new smart glasses at Meta Connect, including a 3.0 version of Ray-Ban AI glasses and a new line of AR glasses with a display, potentially in partnership with Prada, featuring luxury design and advanced technology, possibly including a smartwatch integration.
On WNBA draft night, players showcased their style in sumptuous gowns and smart tailoring, with Caitlin Clark, the No. 1 overall pick, making history as the first basketball player to be dressed by Prada for the event. This move reflects luxury brands' increasing interest in the sport, as women's basketball gains more attention and high-end labels seek to stake their claim. The shift towards high fashion in women's basketball is evident as more athletes attract partnerships with designer brands, marking a significant moment for the sport and its players.
WNBA's No. 1 draft pick, Caitlin Clark, wore a head-to-toe Prada outfit worth $17,000 to the draft, which amounts to about 22% of her expected first-year salary. The 22-year-old's Prada ensemble included a satin outfit, a patent leather mini bag, and acetate sunglasses. Despite the stark contrast in earnings between WNBA and NBA top picks, Clark's previous success in NCAA has garnered lucrative endorsement deals, and it remains to be seen if Prada will offer her an official endorsement deal, as the luxury brand has been increasingly investing in sports and athlete partnerships.
Milan Fashion Week showcased a mix of rebellious and elegant designs, with Bottega Veneta emphasizing the beauty of the ordinary, Fendi drawing inspiration from 1980s London and Roman elegance, Prada balancing past and future in its collection, and Tom Ford amping up the sexiness with inspiration from Sharon Stone in Basic Instinct. Other highlights included No21's slinky femme-fatale style, Tod's introduction of its new creative director, and Moschino's emotional debut featuring messages of "universal love and peace".
Iris Apatow and Maude Apatow stole the spotlight at a Prada skincare launch party in Brooklyn, showcasing their glamorous outfits and Prada handbags. The daughters of Hollywood icons Judd Apatow and Leslie Mann have recently been caught up in the 'nepo baby' drama, with Maude addressing her fortunate position and her father's encouragement to pursue writing in addition to acting.
aespa's Karina drew massive crowds in Milan during the Prada F/W24 menswear fashion show, surprising netizens who witnessed her surrounded by a sea of people at the iconic Galleria Vittorio Emanuele II, showcasing her rising popularity despite previous online hate.
Prada's AW24 menswear collection at Milan Fashion Week featured an office-inspired runway with grim brown carpets and blue wall dividers, juxtaposed with an idyllic nature setting. Hollywood A-listers like Jake Gyllenhaal and Lakeith Stanfield graced the front row, while the collection itself showcased a blend of office attire with swim caps and genderfluid flair, along with a new esoteric spin on the disc belt. Co-designers Mrs. Prada and Raf Simons drew inspiration from the changing of seasons, aiming to reflect the idea of renewal and change in their garments.
Euphoria star Hunter Schafer stole the show at the 2024 Golden Globes in a whimsical Prada gown, commanding attention with a sleek, elegant look and minimal makeup. The event honored the best in film and American television of 2023, with Oppenheimer and Poor Things among the top winners. The ceremony also marked the debut of new categories and the first major broadcast of awards season, following reforms and changes within the Hollywood Foreign Press Association.
Beyoncé shared photos from her husband Jay-Z's 54th birthday celebration in France, which included guests like Rihanna and Kris Jenner. She wore silver sequined Prada hot pants with a sheer nude bodysuit, paired with cat-eyed sunglasses and cream-colored heels. The celebration featured a dinner party, wine tastings at luxury vineyards, and a ride on the Venice Simplon Orient Express train.
Luxury fashion brand Prada is partnering with Axiom Space to design NASA's new spacesuits for the Artemis III lunar mission in 2025. The collaboration aims to create stylish and technologically advanced spacesuits that provide comfort and protection for astronauts exploring the moon. The new AxEMU suits will feature specialized tools and design elements to enhance space exploration and scientific research. This partnership comes after NASA revealed the high cost of spacesuits and its decision to work with Axiom Space to develop the latest suits.