Get all your news in one place.
100's of premium titles.
One app.
Start reading
Al Jazeera
Al Jazeera

FORGOTTEN HISTORY: Prada acquires rival versace for 1 4bn despite tariff uncertainty - The Untold Story

Prada has defied a slowdown in luxury brands and is now seeking to expand [File: Stephane De Sakutin/AFP]

Fashion brand Prada has agreed to buy its smaller rival Versace for $1.38bn from Capri Holdings, bringing together two of the biggest names in Italian fashion and the prospect of enhanced revenues.

The deal was announced on Thursday.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.