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.
Uzbekistan's president Shavkat Mirziyoyev has held a series of high-level meetings in the U.S. aimed at strengthening bilateral economic and strategic...
Türkiye has signalled readiness to contribute to a proposed Gaza stabilisation force during the inaugural Board of Peace meeting on Thursday (19 Febr...
Türkiye is prepared to contribute troops to a proposed international stabilisation force for Gaza, Turkish Foreign Minister Hakan Fidan said on Thurs...
Russian Foreign Minister Sergey Lavrov reaffirmed Russia’s support on Friday (20 February) for the negotiation process between Washington and Tehran...
Relations between Russia and Japan have effectively collapsed due to Tokyo’s “unfriendly” stance towards Moscow, the Kremlin said on Friday (20 ...
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.
Israel is preparing for the possibility of receiving a green light from the United States to launch strikes against Iran’s ballistic missile system, according to Israel’s public broadcaster KAN.
Aghdam’s Qarabag FK experienced a 6–1 defeat to England’s Newcastle United in the first leg of their UEFA Champions League play-off tie in Azerbaijan's capital Baku Wednesday evening (18 February).
U.S. President Donald Trump’s 'Board of Peace' will hold its first leaders’ meeting on Thursday (19 February) in Washington, D.C., launching an initiative aimed at stabilising Gaza and addressing global conflicts. It's drawn support from regional powers but refusals from several EU countries.
The Board of Peace will be "looking over the United Nations," said U.S. President Donald Trump at the inaugural Washington meeting, where representatives from over 20 countries gathered to unveil plans for Gaza’s reconstruction and coordinate international support.
Russian President Vladimir Putin met Cuban Foreign Minister Bruno Rodriguez in the Kremlin on Wednesday, telling him that new restrictions imposed on the communist-run island were unacceptable.
Russian Foreign Minister Sergey Lavrov reaffirmed Russia’s support on Friday (20 February) for the negotiation process between Washington and Tehran amid escalating regional tensions.
Relations between Russia and Japan have effectively collapsed due to Tokyo’s “unfriendly” stance towards Moscow, the Kremlin said on Friday (20 February), adding that there is currently no dialogue aimed at concluding a peace treaty.
A UN investigation says the Rapid Support Forces assault on al-Fashir, in western Sudan, showed signs of genocide, citing mass killings, coordinated attacks and exterminatory language targeting non-Arab groups.
Hungary will release 250,000 tonnes of crude oil from its strategic reserves following a halt in flows on the Druzhba pipeline. The decision was announced in a government decree published late on Thursday.
Indonesia and the United States have finalised a trade agreement lowering U.S. tariffs on Indonesian goods to 19% from 32%, with exemptions secured for palm oil and several other major exports.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment