Prada bid for Versace after Donatella Versace ended nearly 30 years as her namesake brand's creative director

Prada bid for Versace after Donatella Versace ended nearly 30 years as her namesake brand's creative director

 STEPHANE DE SAKUTIN

The EU on Tuesday cleared Italian fashion label Prada's 1.25-billion-euro ($1.5-billion) purchase of rival Versace after finding the acquisition raised no competition concerns.

The bid comes after Donatella Versace ended nearly 30 years as creative director of Versace.

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