Fashion executive John Idol made a big shift after acquiring Versace in 2018. It did not go to plan and now rival Prada has ...

Fashion executive John Idol sold Versace to Prada for $US1.38 billion ($2.2 billion), a roughly $US700 million loss.

Prada (PRDSY) has a tentative deal to acquire Versace from Capri (CPRI) for roughly $1.4B, which could be announced as soon as Thursday morning, but Versace’s namesake family still have yet to sign ...