Tag: Prada

Business

Prada targets space frontier with new astronaut inner-layer garment

Italian fashion house Prada on Sunday unveiled the inner-layer garment that NASA astronauts will wear during upcoming space missions, highlighting the brand’s ambition to become the first major luxury label to establish a presence in the space industry. The form-fitting suit was developed in partnership with Houston-based space infrastructure company Axiom Space and includes integrated […]

Business

Prada completes acquisition of rival Versace

Prada on Tuesday announced it has completed the acquisition of Italian luxury rival Versace, a brand the group said it had pursued for years. The fashion house reached a definitive agreement in April to buy Versace from U.S.-based Capri Holdings for about €1.3 billion ($1.51 billion), after Capri’s planned sale to Tapestry collapsed following antitrust […]

Business

Prada to buy Versace for $1.4b

The Prada Group has announced its acquisition of Italy’s Versace from Capri Holdings for 1.25 billion euros ($1.4 billion). Prada stated that Versace’s recognizable aesthetic complements its existing portfolio, which includes the Prada and Miu Miu brands, and offers significant growth potential. The final value of the deal will be adjusted at closing, anticipated in […]