Prada Group Acquires Versace For Tentative €1.25 Billion
Prada Group, an Italian fashion pillar announced on Thursday to be Versace’s new owner. The Italian luxury fashion house took over Versace from Capri holdings – a multinational fashion holding company, incorporated in the British Virgin Islands, founded by Michael Kors and a parent of Jimmy Choo. The deal was concluded with a tentative €1.25