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.
U.S. Vice President JD Vance arrived in Switzerland on Sunday for peace talks with Iran, as a dispute over the Strait of Hormuz threatened to complica...
Thousands gathered in Novi Sad, Serbia, to commemorate the deaths of 16 people in the 2024 railway station awning collapse and renew calls for snap el...
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 20 June, covering the latest developments you need to know. ...
Ukrainian President Volodymyr Zelenskyy has warned that Russia is preparing a “massive” attack on Ukraine, urging residents to pay close attention...
Israeli strikes and gunfire killed at least nine people in the Gaza Strip on Saturday, including a child and an Al Jazeera journalist, Palestinian hea...
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 train driver has been killed and nine people remain in a critical condition in hospital, after two trains collided near Beford in the east of England on Friday. The passenger trains heading to London collided at around 17:15 local time (1615 GMT).
Morocco captain and PSG defender Achraf Hakimi will face trial in France after an appeals court ruled there was enough evidence for the case to proceed.
Paraguay kept their World Cup hopes alive with a hard-fought 1-0 victory over Türkiye, but the celebrations were tempered by a costly red card for veteran forward Miguel Almirón.
A magnitude 5.8 earthquake struck southwest of Greece’s island of Crete on Saturday, with no immediate reports of damage.
Israel and Hezbollah have agreed to a ceasefire, a senior U.S. official has said. Hezbollah has released a statement saying Israel must leave southern Lebanon. Israel has said it agrees to the ceasefire, but has said its armed forces won't leave Lebanon and will resume hostilities if attacked.
U.S. Vice President JD Vance arrived in Switzerland on Sunday for peace talks with Iran, as a dispute over the Strait of Hormuz threatened to complicate a fragile 60-day ceasefire between Washington and Tehran.
Thousands gathered in Novi Sad, Serbia, to commemorate the deaths of 16 people in the 2024 railway station awning collapse and renew calls for snap elections.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 20 June, covering the latest developments you need to know.
Ukrainian President Volodymyr Zelenskyy has warned that Russia is preparing a “massive” attack on Ukraine, urging residents to pay close attention to air raid warnings
A severe heatwave sweeping across much of Europe has led France to restrict alcohol consumption at public events, while Germany issued widespread heat warnings and Spain closed a football fan zone in Madrid.
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