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Italian fashion house Prada is set to acquire Versace in a $1.4 billion deal with Capri Holdings.#Prada #Versace


Transcript
00:00Prada has struck a $1.4 billion deal to buy smaller rival Versace from Capri Holdings.
00:07This move will unite two of the biggest names in Italian fashion and offers the prospect of enhanced revenues.
00:15Prada is seeking to expand, having defied a slowdown in luxury demand,
00:20while Versace has been operating at a loss in its recent quarters.
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