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

Key Takeaways Prada's effort to purchase the Versace brand from Capri Holdings Limited is reportedly moving closer to completion.Bloomberg reported Prada has agreed to pay nearly 1.5 billion euros ($1.

Milan-based Prada was founded in 1913 by Mario Prada and is run today by his granddaughter, Miuccia Prada. The company has completed initial due diligence on Versace and has been