Prada Acquires Versace in $1.38 Billion Deal, Uniting Two Italian Fashion Giants
Prada is purchasing Versace for $1.38 billion which will greatly change the luxury fashion industry. The famous fashion brands will now be two of the most celebrated houses in Italy. The announcement was made last Thursday. With luxury products in low demand, Prada is still trying to expand overseas and increase brand sales. Versace on … Read more