Prada Closer to $1.6 Billion Versace Deal
Italian luxury group Prada is moving closer to a deal to buy Versace from Capri Holdings, with the two companies agreeing on a price of nearly 1.5 billion euros ($1.6 billion). Talks are progressing after initial due diligence showed no significant risks, but discussions could still fall apart. This comes as numerous fashion companies have … Read more