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Prada's $1.375 billion bet; can it revive Versace?

Insights

• Prada's acquisition of Versace marks a defining moment for Italian luxury.
• It signals a power shift in luxury fashion, uniting two contrasting Italian aesthetics under one expanding empire.
• As Prada bets big on reviving a troubled icon, the industry is watching to see whether this ambitious move can reshape Italy's global fashion influence.