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Two of the most well-known Italian fashion brands are officially joining forces.
Prada has agreed to buy Versace from Capri Holdings for $1.375 billion, CNN reported on Thursday. That’s slightly less than the $1.6 billion price tag that had been reported last month, but it’s still a massive shake-up in the world of luxury fashion.
“We aim to continue Versace’s legacy celebrating and re-interpreting its bold and timeless aesthetic,” Patrizio Bertelli, the chairman…
