Prada buys rival Versace from beleaguered US owner for 1.25 billion euros amid tariffs chaos in biggest luxury deal of the year

6 months ago 7

The acquisition will create a luxury group with revenues of over six billion euros that could better compete with industry giants such as the French conglomerates LVMH and Kering.

Source: https://www.dailymail.co.uk/news/article-14594381/Prada-buys-rival-Versace-1-25-billion-euros-beleaguered-US-owner-amid-tariffs-chaos-biggest-luxury-deal-year.html?ns_mchannel=rss&ito=1490&ns_campaign=1490

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