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From Prada's major Versace acquisition to Staud's collab with The St. Regis Hotel, discover all the chic news to know today.

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On Thursday, luxury brand Prada announced it is buying Versace from Capri Holdings for 1.25 billion euros (over 1,000 crores). On her Instagram, Donatella Versace wrote: “I am absolutely ...

Today, Prada announces that it has agreed to acquire 100% of Versace from Capri Holdings. The cash consideration, based on an Enterprise Value of €1.25 bn, is subject to adjustments at closing.

The deal to unite the two Italian brands has an estimated value of $1.36bn (£1.06bn), the Prada Group said. Its acquisition of Versace will create a multi-billion-dollar luxury fashion group ...

ROME -- The Prada Group announced a deal Thursday to buy Italy's Versace from the U.S. luxury group Capri Holdings under terms that value the fashion house at 1.25 billion euros ($1.4 billion).