Prada announced on Thursday that it entered into a definitive agreement to acquire Versace for $1.38 billion from global fashion luxury group Capri Holdings. The transaction is expected to be finalized in the second half of 2025.Both parties made statements confirming the earlier reports made by...
Prada's plan to acquire Versace from Capri Holdings is at risk of collapsing, The Wall Street Journal reported on Wednesday, citing people familiar with the matter.The deal, valued at $1.4 billion, could be announced at any moment, with expectations that it might occur on Thursday. However, the...
German sportswear company Puma announced on Saturday that it has suspended all of its operations in Russia due to the escalation of the armed conflict in Ukraine. Puma has previously halted deliveries to the Russian market, while it has now also closed its 100 stores across the...
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