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.
President scheduled to speak before full Congress on Tuesday at 9 pm EST
Coalition of conservative, social democratic, and liberal parties prevents far right from governing
Military financing has been stopped, and officials are meeting to consider suspending another type of assistance
Markets tumbled Monday, with losses accelerating in the afternoon after President Donald Trump confirmed that 25% tariffs on imports from Canada and Mexico will take effect. Earlier in the session, stocks were already under pressure following a weaker-than-expected February report on a key manufact
Ambassador Christina Markus Lassen pledges to strive for 'constructive, creative and consistent' presidency
A centuries old tradition of cheese-throwing has brought excitement to the town of Novara di Sicilia as its residents both young and old trooped out en masse to participate in the game.
Norway’s government has affirmed that it will continue to supply fuel for U.S. Navy vessels, dismissing recent calls from a private marine fuel supplier to halt deliveries amid tensions linked to U.S.-Ukrainian relations.
Watch AnewZ Live Coverage of the Trump-Zelenskyy meeting at the Oval Office at https://anewz.tv/tv-live
Ukrainian President Volodymyr Zelenskyy reaffirmed his respect for the United States and its people in an interview with Fox News, following a tense meeting with U.S. President Donald Trump at the White House.
DBS Group, Southeast Asia’s largest bank, announced plans to cut approximately 4,000 jobs - about 10% of its current workforce - over the next three years as artificial intelligence increasingly assumes roles traditionally performed by human employees.
President scheduled to speak before full Congress on Tuesday at 9 pm EST
Coalition of conservative, social democratic, and liberal parties prevents far right from governing
Military financing has been stopped, and officials are meeting to consider suspending another type of assistance
Ambassador Christina Markus Lassen pledges to strive for 'constructive, creative and consistent' presidency
James Harrison's rare blood, which he donated over a thousand times, is estimated to have saved the lives of over 2 million children in Australia.
President scheduled to speak before full Congress on Tuesday at 9 pm EST
Coalition of conservative, social democratic, and liberal parties prevents far right from governing
Military financing has been stopped, and officials are meeting to consider suspending another type of assistance
Markets tumbled Monday, with losses accelerating in the afternoon after President Donald Trump confirmed that 25% tariffs on imports from Canada and Mexico will take effect. Earlier in the session, stocks were already under pressure following a weaker-than-expected February report on a key manufact
Ambassador Christina Markus Lassen pledges to strive for 'constructive, creative and consistent' presidency
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