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.
Hong Kong’s High Court on Monday found pro-democracy campaigner and media tycoon Jimmy Lai guilty of conspiracy to collude with foreign forces and t...
At least 16 people, including students, were killed and 20 others injured after a school bus carrying students from Antioqueño High School crashed an...
The U.S. condemned a drone strike on a United Nations base in Kadugli, Sudan, on Saturday that killed six Bangladeshi peacekeepers and injured eight o...
France has called on the European Union to postpone a planned vote on the long-negotiated trade agreement with the South American Mercosur bloc, citin...
Syrian President Ahmad al-Sharaa has offered condolences to President Donald Trump following an ISIS attack near the ancient city of Palmyra that kill...
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.
The Oligarch’s Design is an investigative documentary exploring how financial power, political influence and carefully constructed narratives can shape conflict and public perception.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
Russia’s Human Rights Commissioner Tatyana Moskalkova says the Kyiv authorities have still not provided Moscow with a list of thousands of Ukrainian children it claims were illegally taken to Russia, despite the issue being raised during talks in Istanbul.
Iranian authorities have seized a foreign tanker carrying more than 6 million litres of smuggled fuel in the Sea of Oman, detaining all 18 crew members on board.
An explosive device found in a vehicle linked to one of the alleged attackers in Bondi shooting has been secured and removed according to Police. The incident left 12 people dead.
Hong Kong’s High Court on Monday found pro-democracy campaigner and media tycoon Jimmy Lai guilty of conspiracy to collude with foreign forces and to publish seditious material under a China-imposed national security law, a ruling that could see the 78-year-old jailed for life.
At least 16 people, including students, were killed and 20 others injured after a school bus carrying students from Antioqueño High School crashed and fell off a cliff in northern Colombia on Sunday, local authorities said.
The U.S. condemned a drone strike on a United Nations base in Kadugli, Sudan, on Saturday that killed six Bangladeshi peacekeepers and injured eight others.
France has called on the European Union to postpone a planned vote on the long-negotiated trade agreement with the South American Mercosur bloc, citing insufficient safeguards for European farmers.
Syrian President Ahmad al-Sharaa has offered condolences to President Donald Trump following an ISIS attack near the ancient city of Palmyra that killed two U.S. soldiers and a civilian interpreter, Syrian and U.S. officials said Sunday.
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