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Prada to acquire rival fashion house Versace

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The Prada Group announced the purchase of the Versace fashion house from the U.S. luxury group Capri Holding in a cash deal valued at 1.25 billion euros ($1.4 billion.)
From The Associated Press
Prada has struck a deal to buy smaller rival Versace from Capri Holdings in a move to unite two of the biggest names in Italian fashion.
From Reuters

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Prada Group buys Versace fashion house from its US owner in €1.25bn deal
Prada Group announced the purchase of Versace fashion house on Thursday from US luxury group Capri Holding in a cash deal valued at €1.25 billion euros ($1.4bn.) View on euronews
Prada Group buys Versace fashion house from its U.S. owner in a deal valued at $1.4 billion
The Prada Group has announced the purchase of the Versace fashion house from the U.S. luxury group Capri Holding in a cash deal valued at 1.25 billion euros ($1.4 billion.
Prada Group buys Versace fashion house from its US owner in $1.4b deal
The Prada Group has announced the purchase of the Versace fashion house from the US luxury group Capri Holding in a cash deal valued at $1.4 billion.
Italy's Prada agrees to buy fashion rival Versace
Prada has struck a deal to buy smaller rival Versace from Capri Holdings in a move to unite two of the biggest names in Italian fashion. The deal has an enterprise value of $1.375 billion, Prada said on Thursday.
Prada agrees to buy rival fashion house Versace in a deal valued at $1.4 billion
Versace was given the new role of chief brand ambassador in the shakeup, which was widely viewed as setting the scene for the long-rumored Prada sale. Miuccia Prada acknowledged t
Prada is Officially Buying Versace for Almost $1.4 Billion
We are delighted to welcome Versace to the Prada Group and to build a new chapter for a brand with which we share a strong commitment to creativity, craftsmanship, and heritage,” said Patrizio Bertelli,
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