PRADA Nears Acquisition of Versace

PRADA S.p.A., the iconic Italian luxury fashion house, is reportedly close to finalizing a deal to acquire Versace from Capri Holdings Ltd. for approximately €1.5 billion ($1.6 billion) šŸ’¶šŸ’ø. This acquisition would unite two of Italy’s most renowned fashion brands, enhancing PRADA’s presence in the global luxury market šŸŒšŸ‘ .