Update (3/3/2025): After spending several weeks evaluating Donatella Versace’s Italian fashion house, Prada Group is inching toward closing a deal to buy Versace from its current owner ...

Fashion giant Prada has ordered a review of Versace as it evaluates a potential bid for the Italian brand, which is currently owned by global luxury group Capri Holdings, according to a report.

Around the waist are crystal net inserts and Versace design elements, including embellishments with the signature Greca symbol. The suit cuts away to allow Shakira to make a dramatic outfit change.

CEOs don't often admit when they are wrong. But Capri chief John Idol owned up to mistakes at Versace and Michael Kors that were meant to revitalize the brands but instead resulted in big sales ...