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 ...

Today, the 76-year-old reigns over a luxury goods empire worth more than five billion euros ($5.4 billion) a year, with her world about to expand further with the takeover of flamboyant rival Versace.

Prada has officially announced the acquisition of iconic fashion house Versace. The deal, valued at around $1.4 billion in cash, was confirmed by Prada on Thursday. The move signals a major shift ...

“We’re thrilled to welcome Versace into the Prada family and start a fresh, fabulous chapter,” Bertelli declared. “Our team is primed to make Versace shine brighter than ever.” Talk ...

The purchase comes just a month after Donatella Versace stepped down from her role as creative director at the brand after nearly 30 years. “We aim to continue Versace’s legacy celebrating and ...

MILAN, April 11 — Prada said yesterday that it had reached a deal to buy Versace for €1.25 billion (RM6.28 billion), building a new Italian fashion powerhouse and hoping to insert much-needed “spark” ...

The Prada Group announced a deal to buy Italy's Versace from the U.S. luxury group Capri Holdings. NBC News' Maya Eaglin reports on the $1.4 billion deal and what made both brands household names.

It said Milan-based Versace offered "significant untapped growth potential.'' A logo of Prada is seen at a store in Hong Kong Sunday, June 12, 2011. AP Photo/Vincent Yu, File The final value of ...

Prada is set to buy the Italian fashion brand Versace from Capri Holdings (CPRI.N) for 1.25 billion euros ($1.38 billion), said a report in The New York Times. Andrea Guerra, Prada Group’s chief ...

Italian fashion house Prada has announced that it has bought fellow Italian designer fashion brand Versace for €1.25 billion. ($1.38 billion).

In a major move within the fashion industry, Prada has agreed to purchase its rival Versace in a deal valued at $1.36 billion (£1.06 billion). The acquisition was confirmed by the Prada Group on ...