Luxury Fashion Merger: Prada Acquires Versace in $1.36 Billion Deal
Italian luxury powerhouse Prada strengthens its market position with strategic acquisition of iconic designer brand In a significant move that reshapes the luxury fashion landscape, Prada Group has announced the acquisition of Versacefor $1.36 billion (£1.06 billion). The deal, confirmed Thursday, unites two of Italy’s most prestigious designer brands under one corporate umbrella. Strategic Expansion in Competitive Luxury … Read more