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Prada announced today that it has completed the acquisition of Versace for nearly $1.4 billion, following negotiations impacted by recent tariff policies under the U.S administration. This acquisition underscores a significant shift in the luxury fashion industry, prompting mixed market reactions regarding potential regulatory and economic challenges influenced by new trade tariffs.
Prada and Versace Navigate Tariff Challenges
Source: https://www.kanalcoin.com/prada-acquires-versace-amid-tariffs/
