The $1.38bn (£1.04bn) deal between the two Italian fashion giants is well below the roughly $2bn Versace was sold for in 2018.

La maison guidata da Miuccia Prada e Patrizio Bertelli annuncia che sono state ottenute tutte le licenze necessarie all’operazione

Capri Holdings said Tuesday that it had completed the sale of Versace to Prada for $1.375 billion in cash, finishing the transaction started in April.

Prada manda in porto l'acquisto di Versace e mette alla guida del brand, nella veste di presidente esecutivo, Lorenzo Bertelli, attuale direttore marketing e responsabile della…

The $1.38bn (£1.04bn) deal between the two Italian fashion giants is well below the roughly $2bn Versace was sold for in 2018.