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.
Saudi Arabia’s air defences have intercepted and destroyed a hostile drone over the Riyadh region, according to the Saudi-led coalition fight...
Police were deployed across Paris on Saturday, as a curfew was set to take effect in the Republique and Chât...
A drone strike hit a power station in northern Sudan early Sunday (1 November), sparking a fire and triggering loud explosions, witnesses said....
The U.S. has approved the sale of 500 Patriot PAC-3 missiles to Ukraine in a deal worth an estimated $2.1 billion, but Kyiv could face years of delays before receiving the weapons it urgently needs to defend against intensifying Russian attacks.
Iranian Supreme Leader Ayatollah Khamenei has ordered Iran's armed forces to respond to any threat immediately and without geographical limits in statements posted to social media platforms on Saturday (31 October).
Demonstrators carrying Iranian flags and placards supporting the hijab gathered outside the Azerbaijani Embassy in London.
A Chinese-made AI chip has matched Nvidia’s H200 in tests conducted by its developer, marking a potential breakthrough in China’s efforts to reduce its dependence on foreign technology.
A hacking group linked to North Korea is widely believed to be behind the theft of $6.3 billion from cryptocurrency giant Binance, a cyberattack that experts describe as the largest cryptocurrency heist on record.
Police were deployed across Paris on Saturday, as a curfew was set to take effect in the Republique and Châtelet-Les Halles areas from 11pm Saturday until 6am Sunday (1 November).
A drone strike hit a power station in northern Sudan early Sunday (1 November), sparking a fire and triggering loud explosions, witnesses said.
Gen Z protests swept 34 German cities on Saturday (31 October) over education and living costs. Violence erupted in Frankfurt, where shops were looted and police reported Molotov cocktail attacks.
Iran designated Britain's Royal Navy and Royal Air Force as terrorist organisations on Sunday, (1 November), and classified the country's foreign intelligence agency, MI6, as a hostile group, according to a statement from the Iranian Foreign Ministry.
Thousands protested in Albania's capital, Tirana, on Saturday (31 October), demanding Prime Minister Edi Rama's resignation over perceived corruption allegations and dissatisfaction with the government over a lack of jobs and poor education standards.
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