The Prada Group announced a deal Thursday to buy Italy's Versace from the U.S. luxury group Capri Holdings under terms that value the fashion house at 1.25 billion euros ($1.4 billion).

MILAN - Prada has struck a deal to buy smaller rival Versace from Capri Holdings to unite two of the biggest names in Italian fashion. The deal has an enterprise value of $1.375 billion ...

April 10 (UPI) --The high-end Italian fashion house Prada announced Thursday it has purchased its rival Italian luxury fashion company Versace. Prada paid $1.375 billion in cash for the ...