On Thursday, Prada — in a move widely speculated for months — bought Versace for 1.25 billion euros (about $1.4 billion), ...

Prada has officially acquired Versace for $1.4 billion, marking a bold merger of Italian fashion titans. With Donatella stepping down, the industry braces for a new era of glam meets restraint.

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

Under Gianni Versace's leadership, Versace saw a meteoric rise to fame. The fashion house has faced many ups and downs since his death.