Prada S.p.A. acquires Versace for $1.37B from Capri Holdings Limited, aiming to revive the undervalued brand. Click for who ...

Fashion conglomerate Capri Holdings has agreed to sell Italian luxury brand Versace to Prada for almost $1.4 billion.

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

Versace is changing hands after Capri Holdings and Prada Group agreed a $1.375 deal, which will see the luxury label join after Capri's collapsed merger with Tapestry.

Jimmy Choo was put on the market alongside of Versace and sources said Capri pushed bidders to make offers on both as a package deal, wanting to clean house all at once. (Capri didn’t acknowledge a ...

Capri Holdings ( NYSE: CPRI) rose 8.3% amid reports that Prada ( OTCPK:PRDSF) is close to acquiring the Versace brand for about $1.38 billion.

Capri expects the sale to strengthen its financial position and accelerate strategic investments focused on Michael Kors.

Capri Holdings Limited CPRI has entered into a definitive agreement to sell its Italian luxury fashion house Versace to Prada ...

The Prada Group announced a deal Thursday to buy crosstown Milan fashion rival Versace from the U.S. luxury group Capri ...

To mark this development, Mytheresa is launching a dedicated editorial story photographed by Jorin Koers and featuring models ...

The move brings together two major Italian fashion brands and is expected to strengthen Prada’s position in the luxury market ...