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The Independent UK
The Independent UK
Lifestyle
Lara Owen

BIZARRE: Prada buys versace how will the rival labels collaborate - What They Never Told You

The Prada Group has announced that it has bought its smaller rival, Versace.

Prada acquired the Italian fashion house from Capri Holdings (who also own Jimmy Choo and Michael Kors) for €1.25 billion pending approval, following negotiations that began in February this year.

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