A report said Prada and Capri Holdings had agreed a 1.5 billion euro price tag for Versace, sending stock in both companies higher.

Adding Versace to its luxury empire. Prada SpA is reportedly close to acquiring the iconic Italian fashion house from Capri Holdings Ltd., with a deal valued at approximately €1.5 billion ($1.6 billion),

Prada is finalizing an agreement to acquire Versace from Capri Holdings for approximately 1.5 billion ($1.6 billion). This acquisition would unite two of Italys most iconic luxury fashion brands, bringing Versace