Angelo Moratti isn’t in the news—he’s a legendary oil tycoon and Inter Milan owner from 1955-68, but today it’s all about Prada buying Versace.
Prada has completed its acquisition of Versace from Capri Holdings, aiming to revitalize the brand. Lorenzo Bertelli will lead as chairman, with a focus on growth and creative renewal. The deal marks a strategic move to tap into Versace’s untapped potential amid a creative relaunch.