The Italian fashion house was purchased for €1.25 bn from Capri, which is restructuring after a failed merger with Tapestry.

Prada has snapped up rival luxury label Versace in a Euros1.25 billion (£1. 1 billion) takeover deal. The elite fashion house ...

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Prada said Thursday that it had reached a deal to buy Versace for 1.25 billion euros (R27 billion), building a new Italian fashion powerhouse and hoping to insert much-needed "spark" into its smaller, ...