‘Been in works for long time’: Prada seals $1.51 billion Versace deal; Lorenzo Bertelli takes over as executive chairman

CNN reported that the acquisition follows an agreement reached in April, under which Prada committed to purchasing Versace for about $1.51 billion, a deal that materialised after Capri Holdings’ planned sale to Tapestry fell apart because of an antitrust challenge.Lorenzo Bertelli, the son of Prada […]