Capri Holdings, which also owns Jimmy Choo and Michael Kors, says that it will use the cash from the deal to invest in its other brands.

The Prada Group announced a deal Thursday to buy crosstown Milan fashion rival Versace from the U.S. luxury group Capri ...

The price Prada has agreed to pay is a big discount to the roughly $2.15 billion including debt that US-based Capri, then ...

Prada acquires Versace from Capri Holdings for $1.4 billion, reinforcing Italian luxury in the global fashion market.

Fashion experts believe the deal will help Prada reach more customers, but it may take time and money to turn Versace’s ...