Penn State Nittany Lions 2025 Pinstripe Bowl Champions Mascot Score Shirt
Prada Group has acquired the storied Italian fashion house from Capri Holdings, the companies announced today, for €1.25 billion pending approval. “We are delighted to welcome Versace to the Prada Group and to build a new chapter for a brand with which we share a strong commitment to creativity, craftmanship and heritage. We aim to continue Versace’s legacy celebrating and re-interpreting its bold and timeless aesthetic; at the same time, we will provide it with a strong platform, reinforced by years of ongoing investments and rooted in longstanding relationships. Our organisation is ready and well positioned to write a new page in Versace’s history, drawing on the Group’s values while continuing to execute with confidence and rigorous focus,” said Prada Group chairman and executive director Patrizio Bertelli.Penn State Nittany Lions 2025 Pinstripe Bowl Champions Mascot Score Shirt
Versace was put up for sale by Capri (parent of Michael Kors and Jimmy Choo) after the company’s merger with Tapestry (owner of Coach, Kate Spade and Stuart Weitzman) was blocked by the US Federal Trade Commission in November. Capri has been rebuilding since, and placing sole focus back on its biggest brand, Michael Kors, was the first order of business. The company is still searching for a buyer for Jimmy Choo. Capri — at the time, Michael Kors Holdings — acquired Versace in January 2019 for over $2.1 billion. Versace joins Prada with a new chief creative officer. On 13 March, the brand announced that Donatella Versace would be stepping down from the designer post and into a new chief brand ambassador role, nearly 30 years after she took over the creative helm of the fashion house following the death of her brother Gianni Versace in 1997. Dario Vitale has been appointed creative director for the house – marking the first time the role has left the Versace family. Vitale joined from Prada sister brand Miu Miu, where he worked from 2010 and most recently served as design director of ready-to-wear and head of image before leaving the post in January. His years with Miu Miu position the designer well under the newly Prada-owned brand.
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