In a major shake-up in the luxury fashion world, Prada has announced a $1.38 billion deal to acquire rival Italian label Versace from Capri Holdings. The acquisition marks a significant turning point for both brands and cements Italy’s growing strength in an industry long dominated by French conglomerates such as LVMH. The deal, which includes … Continue reading Prada Acquires Versace in $1.4 Billion Deal, Redrawing the Map of Italian Luxury Fashion