Fashion conglomerate Capri Holdings has agreed to sell Italian luxury brand Versace to Prada for almost $1.4 billion.

The Italian fashion house was purchased for €1.25 bn from Capri, which is restructuring after a failed merger with Tapestry.

Capri (CPRI) said Thursday that it will sell Versace to Italian luxury company Prada for about $1.38 billion in cash as it looks to accelerate investments in Michael Kors. Prada separately said the ...

Have you slept in a cave? Recommended. A rare enchantment.

We spent almost 2 weeks exploring Italy’s dreamy Amalfi Coast in May 2022. Rather than hiring a car, we planned an action ...