Prada on Tuesday purchased luxury fashion house Versace in a deal valued at $1.37 billion. It marks the end of Versace’s six-year run under US-based Capri Holdings. The proceeds from the sale will be used to pay off most of its debt. Read on to know more.

Prada takes over the fashion rival Versace in $1.37 billion deal

Lorenzo Bertelli, heir to the Prada fashion empire, has been appointed as the Executive Chairman of Versace. Bertelli, known for his business acumen and roles in expanding Prada's brand, will now steer Versace’s strategic growth and global operations.


Prada Heir Lorenzo Bertelli Named Versace Executive Chairman

Italian fashion house Prada announced Thursday that it had reached a deal with US group Capri Holdings to buy Versace for 1.25 billion euros ($1.39 billion).

Prada acquires Versace for €1.25 billion in major luxury fashion deal

Lifestyle  The development brings to an end the family control over the creative direction of Versace, a brand beloved of jet-setters and famous for its showy, skin-baring looks and Medusa logo.

Donatella Versace steps down as creative director of Versace after three decades

Checkerboard dominated Versace's catwalk at Milan Fashion Week, with designer Donatella Versace serving up the print on dresses and suits for women's wardrobes next spring.

Checkerboard reigns on Versace catwalk at Milan Fashion Week

Tapestry, the US owner of lifestyle brands including Coach and Kate Spade, said Thursday it will acquire Michael Kors parent company Capri for $8.5 billion, creating a new global fashion giant to compete with European powerhouses.

Coach owner to acquire Michael Kors, Versace parent in $8.5bn deal

Fashion conglomerate and parent company of Coach and Kate Spade, Tapestry, is to acquire competitor Capri Holdings for $8.5 billion. Although it won't be as big as its European rivals, the merger will produce an American fashion giant better equipped to compete in the luxury market.

Fashion conglomerate Tapestry strikes $8.5 billion deal to acquire Capri Holdings

B-town's true blue fashionista Janhvi Kapoor came, slayed, and conquered! The diva made heads turn as she dropped photos in a Versace bodycon dress that looked anything but ordinary.

Price tag of Janhvi Kapoor's Versace bodycon dress will make your jaw drop

Enter the world of Versace with the queens of the catwalk - Gigi Hadid, Kendall Jenner, Naomi Campbell and Emily Ratajkowski! The divas took the runway by storm on Thursday as they flaunted sultry looks for Versace's Fall-Winter 2023 collection in West Hollywood.

Catwalk queens Kendall Jenner, Naomi Campbell and Gigi Hadid grab eyeballs at Versace's star-studded LA show

Prada deconstructed dresses at Milan Fashion Week on Friday, using elements including trains and corsets in a spring collection that explored seduction through clothes.

Prada strips dresses back, foulard inspires Versace in Milan

Donatella Versace is the latest fashion personality to make a big and significant donation to help fight coronavirus infections. Also see: Italian actor Luca Franzese was quarantined with sister's dead body amid COVID-19 lockdown According to news agency, the Versace chief creative officer along with her daughter Allegra Versace Beck donated 200,000 euros to the intensive care department of San Raffaele hospital in Milan, Italy.

Donatella Versace donates 200,000 euros to Italy hospital fighting coronavirus

Italian brand Versace said on Thursday it was postponing a fashion show scheduled for mid-May in the United States because of the coronavirus outbreak. The decision follows "restrictive measures relating to international mobility", said a statement by the Milan-based fashion house which is owned by US Capri Holding.

Versace postpones fashion show in United States because of coronavirus

Actress Jennifer Lopez who turned heads at Milan Fashion Week in her famous jungle-print Versace dress has left fiance Alex Rodriguez swooning over her behind-the-scenes photo from the show.

Alex Rodriguez gushes over fiance Jennifer Lopez's photo

Chinese social media users directed their fury at online retailer Amazon.com on Thursday, after discovering T-shirts on its website sporting slogans that support anti-government protesters in Hong Kong.

Amazon faces online backlash in China for T-shirts with Hong Kong democracy slogans

Austrian jewellery company Swarovski apologised Tuesday for "hurting the feelings" of Chinese people after calling Hong Kong a separate country on its website, becoming the latest luxury brand to come under fire in China.

Swarovski latest luxury brand to apologise to China

Know why the fashion brand Versace is courting controversy.

WION PLaylist: China hits out at Versace

Luxury fashion brand Versace and Coach have found themselves in the middle of political controversy in China. A day after Versace issued a public apology over its T-shirts that defied 'One China Policy', American fashion label Coach is now facing backlash from its Chinese customers for a similar issue.

Luxury brands Versace, Coach face severe backlash in China for their T-shirts

We have some big fashion news for you as luxury brand Michael Kors acquires Versace fully. According to the latest update on the news, Kors has taken the complete acquisition of the Italian brand Versace for $2.

Michael Kors changes name after complete acquisition of Versace for $2.2 billion 

Global fashion house Michael Kors said Tuesday it had agreed to buy Italian luxury giant Versace, adding a new layer to its offering after buying shoemaker Jimmy Choo last year.

Michael Kors bags Versace for $2.1 billion

She is being recognised for her contributions to the fashion industry

Donatella Versace to receive 'Fashion Icon of The Year' award

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