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EXCLUSIVE: Dario Vitale Is Exiting Versace
Prada’s €1.25 billion acquisition aims to revive Versace’s brand and create an Italian luxury group to compete with global conglomerates, analysts say.
8 Articles
8 Articles
The news came two days after Prada bought Versace.
The amount of the transaction is named.
The merger of the two legendary brands will give birth to an Italian luxury group with a turnover of over six billion euros per year, capable of competing better with the sector's giants, such as LVMH and Kering.The acquisition was validated by the European Commission, which concluded that there are no competition problems, given the limited positions on the market of companies resulting from the proposed transaction.Lorenzo Bertelli, the owner …
Coverage Details
Total News Sources8
Leaning Left3Leaning Right2Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 17%
R 33%
Factuality
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