Prada, the Italian fashion major, has bought fellow-Italian brand Versace for $1.38 billion. Versace will retain its identity ...

Prada has agreed to buy its smaller rival Versace in a billion dollar deal to unite two of the biggest designer fashion ...

MILAN (Reuters) - Prada's deal to buy Versace revives hopes for a 'Made in Italy' luxury champion after many other family-founded brands ended up in French, Swiss or U.S. hands, and comes as many ...

The merger strengthens Italy's hand in a luxury industry led by French conglomerates ... "I am honoured to have the brand in the hands of such a trusted Italian family business and I am ready to ...

Prada's Versace acquisition signals Italy's renewed ambition to control not just the creation of luxury but also its direction and destiny.