Prada Completes $1.37 Billion Versace Acquisition

A man walks past a Prada shop in Geneva, Switzerland, on Nov. 16, 2020. Denis Balibouse/ReutersFashion giant Prada said on Dec. 2 it had completed the acquisition of Versace from Capri Holdings, closing a deal first announced in April.“Prada today announces the successful completion of the acquisition of Versace from Capri Holdings, after having received all required regulatory clearances,” the company said in a statement.