The marriage between the two legendary brands will give birth to an Italian luxury group with a turnover of more than 6 billion euros, more capable of competing in the long term with the giants of the sector such as LVMH and Kering.
Star advertisement in Italian luxury. The Italian Fashion House Prada announced Thursday that a “final agreement” had concluded with the American group Capri Holdings to acquire 100% of the emblematic Versace label for an amount of 1.25 billion euros.
The marriage between the two legendary brands will give birth to an Italian luxury group with a turnover of more than 6 billion euros, more capable of competing in the long term with the giants of the sector such as LVMH and Kering.
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Source: BFM TV
