Italian fashion house Prada announced its acquisition of Versace from Capri Holdings for $1.375 billion, uniting two of ...

Fashion conglomerate Capri Holdings (CPRI) has agreed to sell Italian luxury brand Versace to Prada for almost $1.4 billion, a deal that had been anticipated but reportedly had been at risk of ...

Prada Group said. The transaction is expected to close in the second half of this year and comes after Tapestry and Capri Holdings mutually decided to terminate their proposed merger agreement ...

Luxury fashion firm Prada Group reached an agreement with Capri Holdings to acquire designer brand Versace in a deal valued at $1.38 billion, Prada announced Thursday, after earlier reports ...

The Italian fashion house was purchased for €1.25 bn from Capri, which is restructuring after a failed merger with Tapestry.

The Prada Group announced a deal Thursday to buy Italy's Versace from the U.S. luxury group Capri Holdings under terms that value the fashion house at 1.25 billion euros ($1.4 billion).

Since Capri Holdings put Versace on the market in December ... shifted into a chief brand ambassador role in March and Prada swooped in with a $1.38 billion deal to buy Versace on Thursday ...

The price Prada has agreed to pay is a big discount to the roughly $2.15 billion including debt that US-based Capri, then known as Michael Kors, paid for Versace in 2018 when it was sold by the ...

Capri Holdings (CPRI) announced that it has entered into a definitive agreement to sell Versace to Prada (PRDSY) for $1.38B in cash subject to certain adjustments. The transaction is expected to ...

Prada (PRDSY) is closing in on the purchase of Versace from owner Capri Holdings (CPRI) in a deal worth about $1.38B as soon as Thursday after negotiating a discount of more than $200M due to the ...

MILAN — After months of speculation, Prada finally confirmed it is acquiring 100 percent of Versace from Capri Holdings for 1.25 billion euros. On Thursday, the day Prada’s exclusive talks ...