In a deal valued at 1.25 billion euros, Prada Group has agreed to purchase Italy’s Versace from Capri Holdings, adding the iconic fashion house to its portfolio alongside Prada and Miu Miu. The acquisition is expected to bring significant growth opportunities for Versace, with the deal set to close in the second half of the year and funded by 1.5 billion euros in new debt. Versace will maintain its creative identity while benefiting from Prada’s operational expertise and industrial capabilities, following a recent restructuring that saw Dario Vitale appointed as creative director.
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Unified crossbench and opposition push Government to show progress on homelessness recommendations
The Cook Government must report on its progress in reducing homelessness after a vote in the upper house backed a motion from WA Greens housing spokesperson Tim Clifford, requiring a response by September 18. Homelessness Minister Matthew Swinbourn reaffirmed the government's commitment to ending homelessness and developing a new five-year action plan informed by a committee's 57 recommendations. Explain It To Me Like I'm 5: The Cook Government has to tell everyone how they are...
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