Prada is reportedly exploring the acquisition of Versace, with Capri Holdings considering the sale of its luxury brands, including Jimmy Choo, as it refocuses on Michael Kors. The potential deal comes ahead of Donatella Versace's contract expiration in February 2025.
Italy's iconic fashion brand Prada is reportedly considering purchasing Versace, which is being sold by Capri Holdings, a US-based global fashion luxury group.
An Italian daily Il Sole 24 Ore has reported that Capri Holdings has allegedly engaged Barclays, a global financial services provider, to explore potential buyers for its Versace and Jimmy Choo brands, while Citi is acting as advisor to Prada.
In mid-December, a fashion magazine Women’s Wear Daily reported that fashion group was working with Barclays to sell off the luxury brands as it “focuses in on the Michael Kors turnaround.” Later, it was updated that Donatella Versace's contract is due to expire in February 2025.
The Shanghai Cooperation Organization summit has been described as the largest in the group’s history, bringing together its 10 members and a wide c...
A Liberia-flagged Israeli-owned tanker reported a nearby explosion from an unidentified projectile while sailing close to Yanbu, Saudi Arabia, accordi...
A Mexican-owned bank branch on the outskirts of Peru’s capital, Lima, was damaged in a powerful explosion on Sunday, authorities said. No injuries w...
The United States has suspended approvals of almost all visitor visas for individuals holding Palestinian passports, The New York Times reports....
A man was arrested after allegedly driving a car onto the grounds of the Consulate General of the Russian Federation in Woollahra, eastern Sydney....
Vietnamese authorities have confiscated thousands of counterfeit luxury products, including fake Rolex watches and Prada handbags, during a raid at Saigon Square Shopping Mall in Ho Chi Minh City, state media reported Friday.
Italian fashion house Prada has agreed to acquire Versace from Capri Holdings in a $1.375 billion deal, aiming to boost its presence in the global luxury market and revive the iconic but struggling brand.
Donatella Versace is to step down as the main designer for the Versace brand after almost three decades, a move that has fanned talks of a sale of the business to rival Italian fashion house Prada.
An acquisition of Versace by Italian luxury group Prada, opens new tab would create a company with a broader base that is more resistant to business cycles, but reviving the targeted brand could take years and hit short-term profits.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Iran has inaugurated a $70 million water diversion initiative aimed at increasing the capital’s water supply.
Chinese President Xi Jinping and Indian Prime Minister Narendra Modi met Sunday in Tianjin ahead of a regional summit, pledging to resolve long-standing border disputes and strengthen bilateral cooperation.
The Shanghai Cooperation Organization summit has been described as the largest in the group’s history, bringing together its 10 members and a wide circle of observers in China’s port city of Tianjin.
A Liberia-flagged Israeli-owned tanker reported a nearby explosion from an unidentified projectile while sailing close to Yanbu, Saudi Arabia, according to UK Maritime Trade Operations (UKMTO) on Sunday.
A Mexican-owned bank branch on the outskirts of Peru’s capital, Lima, was damaged in a powerful explosion on Sunday, authorities said. No injuries were reported.
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