Prada's crisis-era Versace deal still looks pricey
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Prada said on April 10 it will buy smaller Italian rival Versace from Capri for 1.25 billion euros, which includes its debt.
'The acquisition of Versace marks another step in the evolutionary journey of our Group, adding a new dimension, different and complementary,' Prada's Chief Executive Officer Andrea Guerra said in a statement.
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