Prada Group says it has purchased fashion rival Versace in a deal worth nearly $1.4 billion
Milan — Prada Group announced Tuesday that it has officially bought Milan fashion rival Versace in a deal worth €1.25 billion (about $1.4 billion) that puts the fashion house known for its dramatic silhouettes under one roof with Prada’s “ugly chic” aesthetic and the youth-driven appeal of Miu Miu. The highly anticipated deal is expected … Read more