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Prada to Buy Versace from Capri in €1.25B Deal

Prada Group has acquired Versace from Capri Holdings in a deal worth €1.25 billion, pending regulatory approval.The move marks a return to Italian ownership for one of the country’s most recognisable luxury brands, nearly five years after it was purchased by Capri—formerly Michael Kors Holdings—for $2.1 billion. The transaction comes at a time of…

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