Prada brings together two Italian luxury labels together, buying the biggest purchase of the biggest shopping in Thada to $ 1.4 billion

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Luxury Major Prada American parents will receive Versace for $ 1.38 billion from Capri Holdings.

The long-awaited bargain will bring together two leading Italian labels in a luxury segment, which is lucky luck.

“Another step in the evolutionary journey of our Purchase Group of Versace, a new measurement, different and complement,” Andrea Guerra, Prada CEO, was released. “Versace has great potential. The trip will be long and will require disciplined execution and patience.”

Probably before the completion of the transaction, the assumptions did the following talks in Prada Primary purchase price Versace due to pressures related to tariff.

Prada’s largest purchase in the 112nd history of Prada can be a great impetus for the company between an increase in the sector.

Prada said he jumped 15% on annual net sales worth 5.4 billion euros ($ 6 billion) in March. Miu Miu, a sister brand of Prada, was a tool in the last year as 93% increased.

Prada’s desire “Morningstar’s large capital analyst” Morningstar, who has many brands with the fashion periods and very different aesthets of these stamps, he said on Thursday, saying that Jelena Sokolova said.

Dealing comes to a difficult time For luxury powersMany influenced the consumer spending a boot. Tariffs would add consumer thinking and prices to another obstacle to the sector. However, a break companies that lasted 90 days against Europe can give more time to move their way forward.

Prada’s shares increased by 2 pm London’s time.

This is a developing story..

This story was first displayed Fortune.com

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