Prada President and CEO Patrizio
Bertelli said the Italian fashion house was starting a new
chapter for Versace after buying its smaller rival for 1.25
billion euros.
"We are pleased to welcome Versace into the Prada group and to
start a new chapter for a brand with which we share a constant
commitment to creativity, product care and a strong cultural
heritage. Our goal is to give continuity to the Versace legacy",
said Bertelli.
"Our organization is ready and well positioned to write a new
page in the history of Versace, leveraging the values ;;of the
Group and continuing to operate with confidence and rigorous
determination".
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