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Prada, Versace and Italian fashion

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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, which was originally va...
From Forbes
Prada said on April 10 it will buy smaller Italian rival Versace from Capri for 1.25 billion euros, which includes its debt.
From Reuters
The sale also ends control of the Versace brand and company by the family that bears its name.
From Business Insider

Read more on News Digest

Prada Buys Versace From Capri Holdings In Luxury House Switch
Versace is changing hands after Capri Holdings and Prada Group agreed a $1.375 deal, which will see the luxury label join after Capri's collapsed merger with Tapestry.
Prada buys Versace to create Italian fashion powerhouse
Prada struck a $1.375 billion deal to buy smaller rival Versace from Capri Holdings on Thursday, including its debt, in a move that unites two of the biggest names in Italian fashion. Prada is seeking to expand,
Prada buys high fashion rival Versace for $1.4 billion
Prada will buy rival fashion house Versace for $1.4 billion in a deal uniting the two biggest names in Italian luxury, the brands announced Thursday. The deal is part of a series of shakeups at Versace, where longtime creative leader Donatella Versace stepped aside last month.
Prada’s crisis-era Versace deal still looks pricey
Prada is getting a discount but not a good deal. After weeks of talks with Michael Kors-owner Capri , the Hong Kong-listed Italian group agreed to pay 1.3 billion euros ($1.4 billion) for Versace. Given Capri paid $2 billion for the brand famous for its Medusa logo in 2018,
Versace’s ‘Quiet Luxury’ Blunder Opened Door to Prada Takeover
Fashion executive John Idol thought Versace leaned too much on ornate designs and aimed to fix it by dialing things down, then boosting prices.
Prada buys rival fashion house Versace in $1.4 billion deal
Versace, owned by Capri Holdings since 2018, will be acquired by the Prada Group in a deal valued at $1.4 billion.
M&A News: Prada (HK:1913) Agrees to Buy Versace for $1.38 Billion
There’s a blockbuster deal to report in the luxury brand market as Prada (HK:1913) has agreed to buy Versace for 1.25 billion euros (US$1.38
Prada buys Versace for $1.38 billion to form luxury leader
The purchase, the largest in Prada’s 112-year history, returns Versace to Italian ownership and could put the company in a better position to compete with bigger luxury rivals such as LVMH and Kering SA.
Prada to Buy Versace for Nearly $1.4 Billion
On Thursday, in the biggest luxury deal of the year, Prada announced it was buying Versace for 1.25 billion euros ($1.38 billion) from Capri Holdings, a beleaguered New York group that at one point styled itself as the American answer to the great fashion groups of France.
Inside the Versace family's journey through fame, tragedy, and resilience
Under Gianni Versace's leadership, Versace saw a meteoric rise to fame. The fashion house has faced many ups and downs since his death.
Miami didn’t always look like this. See these landmark places — then and now
Yes, the Miami area has held onto some of its most cherished landmarks, including the Freedom Tower and the Art Deco district. But other places are gone, in a cloud of dust, and in their place are gleaming new things. Looking for the Americana Hotel, a MiMo gem? You won’t find it anymore.
Soap Central11h
7 facts about Versace that will have any fashionista shook
Versace, the legendary Italian luxury fashion house, has always been synonymous with bold designs, opulence, and innovation.
Donatella Versace Steps off the Runway as Dario Vitale Is Appointed Versace’s Chief Creative Officer
Following 27 years at the helm of the house her brothers Gianni and Santo founded in 1978, the iconic designer will now take on the new role of chief brand ambassador.
Donatella Versace out as creative director of the Milan fashion house, in a shakeup by US owner
Donatella Versace has been replaced as creative director of the Italian luxury fashion house founded by her late brother Gianni Versace ... her brother's murder in Miami, at first tentatively ...
New York Daily News29d
Donatella Versace to step down as creative director after nearly 3 decades
Donatella Versace is stepping down as chief creative officer of the influential fashion house that ... her brother, Gianni Versace, was murdered by a serial killer outside his Miami Beach mansion.
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