Prada has officially taken over its longtime rival Versace in a $ one and a half billion dollar deal. The move Prada has pursued for years. Versace needs a revival after weaker post-pandemic performance under Capri Holdings.Now it joins Prada and Miumu under one luxury group. The son of Prada's owners, Lorenzo Bertelli, will lead Versace's next phase as executive chairman. ...

Prada has closed its long-awaited takeover of Versace, completing a deal that has been in motion for years and marking one of the most significant shifts in Italy's luxury sector in recent times. ...

Dec 2, 2025 5:00 AM Eastern Standard Time Capri Holdings Completes Sale of Versace Share LONDON--(BUSINESS WIRE)--Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced that it has completed the previously announced sale of Versace to Prada S.p.A. (HKSE:1913) for $1.375 billion in cash subject to certain adjustments. Mr. Idol concluded, "I would like to express my gratitude to the entire Versace team for their dedication and contributions. In particular I would like to recognize ...

Company Overview - Guess (NYSE:GES) is a prominent brand in the fashion industry, focusing on clothing and accessories within the Consumer Discretionary sector, currently ranked 12 in the Zacks Sector Rank based on earnings estimates and revisions [1] Stock Performance - The current stock price of Guess is $17.07, reflecting a slight increase of $0.01 or about 0.06%. The stock has experienced a low of $17.03 and a high of $17.08 today, with a yearly high of $17.43 and a low of $8.48, indicating volatility [3][5] - Guess has a market capitalization of approximately $890.2 million, calculated by multiplying the current stock price by the total number of outstanding shares. Today's trading volume is 163,250 shares, showing investor interest and activity [4][5] Analyst Ratings - UBS has updated its rating for Guess to Neutral, advising investors to hold the stock, while the Zacks Rank system assigns Guess a rank of 2 (Buy), suggesting an expectation for the company to outperform the market in the short term, over the next one to three months [2][5]

Corporate bankruptcies are rising in 2025, nearing a 15-year high, S&P reports. This year, we've seen numerous notable bankruptcies, including Spirit Airlines and Claire's. How bad is it? We break down the trends in 3 charts. If you watch the news, you have undoubtedly seen the stories of well-known companies closing stores or raising doubts about their ability to continue operating. Earlier this month, S&P's data tracking company seemed to confirm our worst fears, reporting that 2025 bankruptcies ...

Cambodia, Nov. 28, 2025 (GLOBE NEWSWIRE) -- Kandal M Venture Limited (Nasdaq: FMFC) (“Kandal” or the “Company”), a contract manufacturer of affordable luxury leather goods with manufacturing operations in Cambodia, today announced an update on customer orders for the fiscal year ending March 31, 2026 (“Fiscal Year 2026”). As of today, the Company has received new orders for Trans 2026 season of approximately US$4.0 million, for total orders to date for Fiscal Year 2026 of approximately US$17.2 million. Cust ...

Giorgio Armani names former Gucci CEO Marco Bizzarri and other industry veterans to its board https://t.co/jmT5CCfglh ...

MILAN – Giorgio Armani Spa has a new board of directors, established in accordance with the late designer’s wishes, the group said on Friday. The new board comprises eight members, selected by the Armani Foundation and the designer’s heirs, and some includes some familiar faces in the industry. They are chairman Pantaleo, known as Leo Dell’Orco; Armani’s niece Silvana and his nephew Andrea Camerana; CEO and managing director Giuseppe Marsocci; Marco Bizzarri; former Armani top executive John Hooks; Federic ...

Giorgio Armani is preparing to name a new board as the Italian fashion group rebuilds its leadership team following the death of its founder https://t.co/EPiwkmHxZo ...

Zara is striving to shed its "fast fashion" label as rivals like Shein and Temu reshape the industry. https://t.co/Gl5bE9PBlY ...