MILAN — Versace has “huge potential” and global brand awareness, according to Lorenzo Bertelli, head of CSR at Prada Group. For this reason, the acquisition “is super important to really reach new ...
Fashion executive John Idol thought Versace leaned too much on ornate designs and aimed to fix it by dialing things down, then boosting prices. When his company, Capri Holdings Ltd., acquired the ...
Gianni Versace was heralded as a genius for his eponymous Versace fashion house. His siblings, Donatella and Santo, and niece, Allegra, took over the brand after his murder in 1997. Donatella served ...
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Prada Officially Acquires Versace In A $1.4 Billion Deal: What This Means For Luxury Fashion’s Future
The fashion world felt a seismic shift this week as the Prada Group officially completed its long-anticipated acquisition of Versace in a deal valued at €1.25 billion (nearly $1.4 billion). Two of ...
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What will Prada do with Versace?
When Prada announced its acquisition of Versace, the fashion world did what it always does when giants collide: speculate, panic and meme. But beneath the noise sits a serious question – what happens ...
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