Prada Buys Versace For $1.4 Billion, Social Media Reacts
Prada has agreed to buy the smaller Italian fashion house, and competitor, Versace. The deal is reportedly worth almost $1.4 billion. On Thursday (April 10), Prada it purchased the brand for $1.375 billion (€1.25 bn) from its owner, Capri Holdings. Part of the deal was acquiring Versace’s debt and the union creates one of the biggest conglomerates in Italian fashion. Hip-Hop fans have long held both Prada and Versace in […]