The Prada Group on Tuesday posted double-digit growth for the fourth consecutive year, bucking the luxury sector slide amid talk of a possible Versace acquisition. The group, which owns the Prada and Miu Miu fashion brands along with Church’s footwear,

As Miu Miu surpasses the 1 billion-euro mark, the focus remains on that brand and Prada, but group CEO Andrea Guerra said when dossiers "come around you look at them."

Prada is finalizing an agreement to acquire Versace from Capri Holdings for approximately 1.5 billion ($1.6 billion). This acquisition would unite two of Italys most iconic luxury fashion brands, bringing Versace

Italian luxury group Prada on Tuesday reported 21% growth in operating profit last year, in line with analysts' forecasts, amid speculation about a potential acquisition of smaller rival Versace.

Italian luxury group Prada has today reported 21% growth in operating profit last year, in line with analysts' forecasts, amid speculation about a potential acquisition of smaller rival Versace.

Italy's Prada is in talks to buy Versace from the US investor Capri Holdings for a price that could reach nearly 1.5 billion euros, Bloomberg has reported. An agreement between Milan-based Prada and the New York-listed Capri could reportedly be finalized by the end of March.