Prada Buys Versace for $1.38B
In the heart of Milan’s fashion district, Prada has sealed a transformative deal by acquiring Versace for $1.38 billion, a move that closed just yesterday, on December 2, 2025. This acquisition, far below the $2 billion Capri Holdings paid in 2018, sends ripples through the luxury world and positions Prada as a formidable Italian powerhouse … Read more