Prada takes ownership of fashion rival Versace in $1.4-billion deal – National
The Prada Group closed the purchase of Milan fashion rival Versace in a $1.375-billion cash deal that puts the fashion house known for its sexy silhouettes under the same roof as Prada’s “ugly chic” aesthetic and Miu Miu’s youth-driven appeal. The highly anticipated deal is expected to relaunch Versace’s fortunes, after middling post-pandemic performance as…

