Prada buys luxury fashion rival Versace
The Prada Group has officially purchased its Italian fashion rival, Versace, in a 1.25 billion euro ($A2.2 billion) deal. The merger is expected to relaunch Versace’s fortunes, after the brand suffered financial struggles after the pandemic as part of the US luxury group Capri Holdings. #Prada #Versace #fashion #luxury #DonatellaVersace
