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.
The three-time NBA champ is the newest face of Versace, as he models the brand’s three latest styles of sunglasses.
Brees: "It played out even greater than I ever could've imagined."
