Prada Acquires Versace: A Deal Amidst Tariff Concerns

Luxury fashion giant Prada has finalized the acquisition of iconic brand Versace for nearly $1.4 billion. This deal, however, was not without its challenges, as recent tariff policies under the U.S. administration introduced obstacles during negotiations. 💰 📈 Despite these hurdles, Prada’s commitment to expanding globally is clear. The industry sees this move as a sign of consolidation within the luxury market.