Italian fashion house Prada has announced that it has bought fellow Italian designer fashion brand Versace for €1.25 billion.

The Italian government welcomed a deal that appears to secure Versace's longer term future as other family-owned fashion brands have faltered or even disappeared after opening up to outside investors.

Iconic fashion brand Prada will purchase its luxury rival company Versace in a US1.38 billion (AU$2.21b) deal amid market ...

Prada has agreed to buy Versace in a 1.25 billion euro deal that will see two of Italy’s biggest luxury fashion brands come ...

There will be no difference anymore between Prada and Versace. It will be all Prada from now on Today, Prada announces that ...

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