Prada Group buys Versace fashion house from its US owner in a deal valued at USD 1.4 billion

Versace has been owned since 2018 by the Capri Holding, which includes Michael Kors and Jimmy Choo

AP

Rome, Updated At : 09:15 PM Apr 10, 2025 IST

Clothes and bags are displayed at a Prada store in New York City. Photo: Reuters

The Prada Group announced the purchase of the Versace fashion house from the US luxury group Capri Holding in a cash deal valued at 1.25 billion euros (USD 1.4 billion.)

Versace has been owned since 2018 by the Capri Holding, which includes Michael Kors and Jimmy Choo.

Capri Holding paid USD 2 billion for Versace, but had been struggling in the recent era of “quiet luxury” to position the stalwart of Italian fashion with its sexy silhouettes and loud patterns.

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD

Suggested Articles