It turns out luxury brands are into consolidation, too. Prada has officially completed its acquisition of another major Italian fashion imprint, Versace. American-based Capri Holdings previously owned Versace, but in April, they signed a definitive agreement to sell it to Prada for about $1.4 billion. Capri Holdings—which owns Michael Kors and Jimmy Choo—took a loss […]
Prada has agreed to buy the smaller Italian fashion house, and competitor, Versace. The deal is reportedly worth almost $1.4 billion.
adidas and Prada introduce the third chapter of their ongoing collaboration.
We don't really get it either.