Prada buys Versace and an Italian luxury giant is born, but two-thirds of historic fashion brands are in the hands of foreigners
Prada’s recent acquisition of Versace marks the birth of a giant in the Italian luxury industry, but the presence of foreign capital is still important Prada has announced that it has reached a definitive agreement to acquire 100% of Versace from Capri Holdings. The €1.25 billion deal marks a turning Read more…