ROME (AP) — The Prada Group announced a deal Thursday to buy crosstown Milan fashion rival Versace from the U.S. luxury group Capri Holdings under terms that values one of the most recognizable names ...

In a groundbreaking move in the luxury fashion world, Prada has agreed to acquire Versace from Capri Holdings for $1.375 billion, including debt. This deal unites two of Italy’s most iconic fashion ...