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Versace purchase for $1.375 billion
Fashion house Prada has acquired the Versace clothing brand. This was announced in April 2025 by the press service of the manufacturer of luxury clothing brands Capri Holdings Ltd., which owns Versace. The transaction value was $1.375 billion. Capri Holdings Ltd. expects that the sale of Versace will bring the company a number of advantages, including strengthening the balance sheet, the possibility of accelerating strategic investments in the Michael Kors brand and increasing shareholder value. Read more here
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