This deal is all buttoned up. Prada on Thursday announced it was buying Versace for €1.25 billion — or about $1.39 billion — in a deal that combines two of the biggest brands in luxury fashion. Prada ...

A different kind of fashion shakeup: Prada will soon be the owner of Versace. On Thursday, it was confirmed that the Prada Group will purchase Versace for 1.25 billion euros ($1.38 billion) from its ...

Prada's management sees untapped potential in Versace’s global brand recognition, aiming to evolve its bold aesthetic and leveraging the group’s platform.