ITALY’S PRADA TO BUY RIVAL VERSACE FOR 1.25 BN EUROS. (PHOTO).

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 Italy’s Prada to buy rival Versace for 1.25 bn euros Italian fashion house Prada announced Thursday that it had reached a deal with US group Capri Holdings to buy Versace for 1.25 billion euros ($1.39 billion). The acquisition will create a luxury group with revenues of over six billion euros that could better compete with industry giants such as the French conglomerates LVMH and Kering amid a slowdown in the sector worldwide. “We are delighted to welcome Versace to the Prada Group and to build a new chapter for a brand with which we share a strong commitment to creativity, craftmanship and heritage,” Prada group chairman and executive director Patrizio Bertelli said in a statement. In 2018, Capri paid €1.83 billion (then $2.1 billion) to acquire Versace, which was previously owned 80 percent by the Versace family and 20 percent by the US investment fund BlackRock. Amid declining sales, it put the Milan-based label up for sale, and began exclusive negotiations with Prada at the en...
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KIM KARDASHIAN AND KANYE,MISSED THE GOLDEN GLOBE FOR A DATE NIGHT.

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Date night: Kim Kardashian and Kanye West gave the Golden Globes a miss on Sunday night, instead opting for a more sedate date night at Mr Chow's in Beverly Hills         Will you call it a shun?,if you ask me,in the first what will she be doing in the awards if not to show off her gown for that evening.So the smart lady did the right thing to spend quality time with her man,Kanye.They had their date night at Mr Chow in Beverly hills.Kim dress is as if she attended the golden globe,while ever frowning Kanye follows behind like a bodyguard.More pictures below.                                                            Hot mama: Kim showed off her stunning slim figure in a lurex crop top and matching pencil skirtLeading the way: Kim teamed her outfit with gold eyeshadow and left her blonde her in gentle wavesCalling it a night: Kanye was the designate driver as he and Kim headed back to daughter Nori after their evening out

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