Prada to buy rival fashion brand Versace for $1.36bn

Prada has agreed to buy its smaller rival Versace in a billion dollar deal to unite two of the biggest designer fashion labels. The deal to unite the two Italian brands has an estimated value of $1.36bn (£1.06bn), the Prada Group said on Thursday. “We aim to continue Versace’s legacy celebrating and re-interpreting its bold … Read more

Prada severs ties with South Korean actor after dating scandal

Brands including Prada have cut ties with South Korean actor Kim Soo-hyun amid controversy over his relationship with actress Kim Sae-ron who was found dead in February. The 37-year-old actor who gained popularity in South Korea and China over his role in hit South Korean drama series “My Love from the Star” and “Queen of Tears” has been accused of … Read more