Today, Donatella is 69, and Santo is 80. In 1978, Gianni started his own fashion ... said in a statement after the group acquired Versace that the Italian fashion house "has represented the ...

Prada SpA agreed to buy Versace for about $1.38 billion in cash, strengthening its position as Italy’s largest fashion group by adding one of the luxury industry’s best-known brands.

The purchase, the largest in Prada’s 112-year history, returns Versace to Italian ownership. Read more at straitstimes.com. Read more at straitstimes.com.