If Prada owns Versace, does that make Miranda Priestly the CEO of Fashion? 😈👜

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💸 Context: – Versace was acquired by Capri Holdings in 2018 for $1.8B

– Now sold to Prada for $1.38B
– Capri struggled to deliver a full turnaround

The move signals a return to Italian roots for the house of Gianni Versace.

#LuxuryIndustry #FashionTakeover