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The Independent UK

National

Colleen Barry

Prada completes takeover of fashion rival for £1.10 billion

Versace Miuccia Prada Prada Group The Prada Group Lorenzo Bertelli Patrizio Bertelli Miu Miu Capri Holdings Church Milan

The fashion world is abuzz as Prada Group finalises its acquisition of Milanese rival Versace in a €1.25bn (£1.10bn) deal, bringing the iconic brand's "sexy silhouettes" under the same roof as Prada's distinctive "ugly chic" and Miu Miu's youthful appeal.

This strategic move is poised to revitalise Versace's fortunes after a period of lacklustre performance.

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