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The purchase, the largest in Prada’s 112-year history, returns Versace to Italian ownership. Read more at straitstimes.com.

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Prada SpA agreed to buy Versace for about $1.38 billion in cash, strengthening its position as Italy’s largest fashion group ...

Italian fashion house Prada announced Thursday that it had reached a deal with US group Capri Holdings to buy Versace for 1.25 billion euros ($1.39 billion).

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The purchase, the largest in Prada’s 112-year history, returns Versace to Italian ownership and could put Prada in a better ...