In one of the biggest luxury deals of the year, Italy's Prada has announced that it will be buying Versace for €1.25 billion (over ₹12,000 crore) from Capri Holdings. "Within the Prada Group, Versace will maintain its creative DNA and cultural authenticity," Prada said. The Italian luxury fashion brand owns Miu Miu, Church's, Car Shoe, Marchesi 1824 and Luna Rossa.