Prada is reportedly closing in on a £1.2bn acquisition of Versace, signaling a major shift in the luxury fashion landscape. The move comes as fashion week sees changes and attendance fluctuations. Read more...
Milan Fashion Week sees Versace potentially up for sale to Prada amid Donatella's uncertain future, while Gucci grapples with sales decline after its designer's departure. Plus, a tax probe for Elon Musk in Italy. Read more...