Prada Acquires Versace in Major Luxury Move
This is Beirut, 13:45 - Reading : less than a minute
It’s official: Prada received EU approval on Tuesday to acquire Versace in a deal valued at €1.25 billion (around $1.38 billion). Regulators cleared the transaction, ruling that it will not harm competition given the relatively limited global market share of both brands. The acquisition marks a pivotal step for the Italian giant. Beyond mere ...