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Prada Acquires Versace for $1.4 Billion: The Dawn of a New Italian Fashion Powerhouse In a bold and historic move set to reshape the global luxury fashion landscape, Prada has officially acquired Versace for $1.4 billion. This landmark deal, finalized in April 2025, signals a new era in Italian fashion, uniting two of the country’s most emblematic houses under one roof. Beyond financial figures and strategic positioning, this acquisition represents a cultural and creative ren