Prada

January 10, 2025 7:25 PM

Prada has been working with Citi on possible bid for Versace, source says

Italy's Prada is among the potential suitors looking at fashion group Versace, put up for sale by parent Capri Holdings, and has been working with Citi to evaluate any bid, a person with knowledge of the matter said on Friday. U.S. Capri is struggling with falling sales in a global $400 billion luxury sector where confidence has been eroded by wealthy Chinese cutting their spending, ending a prolonged industry boom. In November, Coach-owner Tapestry abandoned an $8.5 billion deal to buy Michae...

Prada and Axiom Space aim for the moon with new astronaut suit

Italian luxury group Prada and Houston-based startup Axiom Space unveiled on Wednesday the design of a spacesuit that will be used for NASA's Artemis 3 mission to the moon that is planned for 2026. In its outward appearance, the spacesuit does not stray too far from what astronauts have worn in the past. It is the familiar bulky white suit, with added red trim and grey patches on the knees and elbows. The new Axiom Extravehicular Mobility Unit (AxEMU), as the suit is known, was showcased at th...