Prada Group Purchases Versace in $1.4 Billion Deal

Prada Group has agreed to purchase Versace from Capri Holdings in a deal valued at $1.4 billion. The acquisition will be financed through $1.6 billion in new debt, following more than $1 billion already borrowed by Prada. The boards of both companies have approved the transaction. “Versace will maintain its creative DNA and cultural authenticity, while benefiting from the full strength of the Group’s considerable … Continue reading Prada Group Purchases Versace in $1.4 Billion Deal