**Prada Acquires Versace for $1.38 Billion, Consolidating Italian Luxury Portfolio**
**Milan, Italy – [Insert Date]** – Italian luxury fashion group Prada has successfully completed its acquisition of Versace for $1.38 billion, a deal that significantly undervalues the $2 billion price tag Capri Holdings paid for the iconic brand in 2018. This strategic move consolidates two prominent Italian fashion houses under the same umbrella, aiming to…
