Capri Holdings, which also owns Jimmy Choo and Michael Kors, says that it will use the cash from the deal to invest in its other brands.

The Italian fashion house Prada announced a few days ago the completion of the "definitive agreement" with the American group Capri Holdings, which takes over the legendary brand Versace for 1.25 ...

Prada acquires Versace from Capri Holdings for $1.4 billion, reinforcing Italian luxury in the global fashion market.

Fashion experts believe the deal will help Prada reach more customers, but it may take time and money to turn Versace’s ...