Prada: Prada to acquire Versace for 1.25 billion

Prada, the Italian luxury fashion house announces that it has entered into a definitive agreement to acquire 100% of Versace from Capri Holdings. The cash consideration, based on an Enterprise Value of €1.25 bn, is subject to adjustments at closing. Founded in 1978 in Milan, Versace is one of the leading international fashion design houses [...]The post Prada to acquire Versace for €1.25 billion appeared first on MediaBrief.