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Prada is close to buying Versace for about $1.6 billion, combining two luxury fashion brands.
Prada is reportedly nearing a deal to purchase Versace from Capri Holdings for around €1.5 billion ($1.6 billion).
This move would combine two major Italian luxury fashion brands and create a stronger competitor in the global luxury market against groups like LVMH and Kering.
Talks have been ongoing for months, but Prada's interest in acquisitions and Versace's bold style could make this a strategic fit.
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Prada está cerca de comprar Versace por cerca de $1.6 mil millones, combinando dos marcas de moda de lujo.