Reported about 7 hours ago
An acquisition of Versace by Prada could create a resilient luxury brand, but the restructuring of Versace may negatively impact short-term profits. While Prada aims to expand after recent sales growth, Versace currently faces financial losses and management issues. Analysts believe merging the two brands could attract a broader customer base and reduce Prada's cyclical business risks, although significant operational enhancements will be required for a successful turnaround.
Source: YAHOO