Prada Group confirms acquisition of Versace for $1.38 billion
Prada Group has agreed to acquire Versace from Capri Holdings for €1.25 billion ($1.38 billion), the companies said in a statement Thursday. Prada is borrowing an additional €250 million to invest in relaunching Versace, which turned loss-making last year as it struggles to keep up with bigger, […]
Prada Group has agreed to acquire Versace from Capri Holdings for €1.25 billion ($1.38 billion), the companies said in a statement Thursday. Prada is borrowing an additional €250 million to invest in relaunching Versace, which turned loss-making last year as it struggles to keep up with bigger, […]
