Prada acquires rival Versace for $1.4bn despite tariff uncertainty
Fashion brand Prada has agreed to buy its smaller rival Versace for $1.38bn from Capri Holdings, bringing together two of the biggest names in Italian fashion and the prospect of enhanced revenues. The deal was announced on Thursday. Prada is seeking to expand, having defied a slowdown in luxury demand, while Versace has been operating … Read morePrada acquires rival Versace for $1.4bn despite tariff uncertainty