Prada To Buy Rival Versace For 1.25 bn Euros

Italian fashion giant Prada announced on Thursday that it has agreed to acquire Versace from the American company Capri Holdings for 1.25 billion euros ($1.39 billion).

This acquisition will establish a major luxury conglomerate with a combined revenue exceeding 6 billion euros, positioning it to better compete with industry leaders like the French groups LVMH and Kering, particularly amidst a global slowdown in the luxury goods sector.

Join Informant Online WhatsApp Channel With Link Below: https://whatsapp.com/channel/0029VaihFajBadmT29ufud2

Related articles

What A Lady Did To BBN’s Phyna At Hotel In Abuja [VIDEO]

The video captures Big Brother Naija (BBN) former housemate...

When Nigeria Will Discover World Cup 2026 Play-Off Opponents

Nigeria is among four nations waiting to discover their...

World Cup Play-Offs: How Nigeria Can Still Qualify For 2026 Tournament

Nigeria beat Benin 4-0 to leapfrog their opponents and...

ADC Reacts As National Assembly Proposes November 2026 Date For 2027 General Election

The African Democratic Congress (ADC) has kicked against the...

How I Fell In Love With Tinubu – Mbah

Enugu State Governor, Peter Mbah, has revealed that his...

LEAVE A REPLY

Please enter your comment!
Please enter your name here