Prada to buy Versace for nearly $1.4 billion The Prada Group announced a deal Thursday to buy Italy's Versace from the U.S. luxury group Capri Holdings under terms that value the fashion house at ...

The firm also anticipates full-year diluted earnings per share to be $4.50 each. The retailer has 1,261 brick-and-mortar stores, or 820 Michael Kors, 233 Jimmy Choo and 208 Versace locations.

Prada to Buy Versace in $1.38B Deal That Shakes Up Luxury Fashion World Capri Holdings, which also owns Jimmy Choo and Michael Kors, says that it will use the cash from the deal to invest in its ...

MILAN - Prada has struck a deal to buy smaller rival Versace from Capri Holdings to unite two of the biggest names in Italian fashion. The deal has an enterprise value of $1.375 billion, Prada ...

One iconic Italian fashion brand is buying another — the Prada Group announced this week that it’s buying the luxury design house Versace from fashion group Capri Holdings for about $1.4 billion.

Prada is getting a discount but not a good deal. After weeks of talks with Michael Kors-owner Capri , the Hong Kong-listed Italian group agreed to pay 1.3 billion euros ($1.4 billion) for Versace ...

Prada is looking to drum up $1.5 billion to complete the takeover, with another $1 billion earmarked to relaunch and revive Versace’s Medusa brand, according to an Italian newspaper.