Italian fashion giant Prada buys Versace
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Prada has completed its $1.375 billion cash acquisition of Milan rival Versace, bringing the flamboyant fashion house under the same roof as Prada’s minimalist aesthetic and Miu Miu’s youthful appeal.
With the Prada Group's acquisition of Versace now done, a new chapter opens for the Milan-based brand, raising questions about leadership and creative direction.
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