In a landmark move for the luxury fashion world, Prada has officially completed the full acquisition of rival Versace from Capri Holdings, according to a statement released on December 2nd. The transaction was valued at around €1.25 billion (approximately $1.4 billion), regarded as a bargain. The deal brings Versace back under Italian ownership after several years under U.S. control. Prada’s decision to acquire Versace is a strategic one. In its statement, the Group described Versace...











