General
Prada agrees to buy rival fashion house Versace in a deal valued at $2.2 billion
Prada Group has announced a deal to buy Versace from the US luxury group Capri Holdings under terms that value the fashion house at 1.25 billion euros ($2.2 billion).
The deal brings one of fashion’s best-known Italian labels back under Italian control after it was sold to Capri Holdings, then…
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