From Prada's major Versace acquisition to Staud's collab with The St. Regis Hotel, discover all the chic news to know today.

Two of Italy’s biggest fashion houses are joining forces, as Prada acquires Versace for €1.25 billion set to reshape the future of luxury.

Those sales were falling when he agreed to buy Versace and change the name of the company to Capri—after the chic Italian island. The dealmaking continued in 2023 when Idol agreed to sell the ...