In one of the biggest moves in global luxury fashion this year, the Prada Group has officially acquired its Milanese rival Versace in a deal valued at 1.25 billion euros (nearly $1.4 billion). The acquisition unites two iconic but contrasting Italian fashion houses Prada’s “ugly chic” minimalism and Versace’s bold, glamorous identity under a single … Continue reading Prada Group Acquires Versace in a $1.4 Billion Deal to Strengthen Luxury Portfolio