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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Why this major carmaker thinks in-car screens have reached their peak
Hyundai's chief creative officer, Luc Donckerwolke, predicts a shift back towards analogue controls and a reduction in screens in car interiors over the next couple of generations. He suggests that mainstream vehicles will primarily use screens for a limited time, while luxury vehicles will incorporate voice controls to supplement screens. Concerns were raised about safety and the reliance on screens, particularly regarding the potential for distractions and outdated user interfaces in vehicles with extensive digital...
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