Star and Shield Clothing

Tag: Prada

  • Prada Group to Acquire Versace for €1.25 Billion

    Prada Group to Acquire Versace for €1.25 Billion

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    Prada plans to invest an additional €250 million in relaunching Versace, which has struggled to keep up with bigger heritage brands since selling to Michael Kors parent Capri Holdings in 2018. Prada Group has agreed to acquire Versace from Capri Holdings for €1.25 billion ($1.38 billion), the companies said in a statement Thursday. Prada is borrowing an additional €250 million to…