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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F.H.C IKOYI,GRANTS EX-PRESIDENT JONATHAN'S SSA 'WARIPAMO-OWEI EMMANUEL DUDAFA' BAIL TODAY.{PHOTOS}.

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                  Justtice M.B Idris of the Federal High Court Ikoyi today monday June 20,2016 granted bail to Waripam-Owei Emmanuel Dudafa and Iwejuo Josepph Nna aka Taiwo A Ebenezer and Olugbenga Isaiah.Dudafa,Senior Special Assistant,Domestic Matters to the former president,Jonathan was alleged to have laundered ill gotten wealth to the tune of over N1,667,162,800,00 {One billion,six hundred and sixty seven million,one hundred and sixty two thousand,eight hundred Naira} through Ebiwise Resources Limited,Avalon Global Property Development Company Limted,Rotato Inter-Link Services Ltd and Pluto Property & Investment Company Ltd accounts with the assistance of the second accused,Iwejuo Joseph Nna,the account officer of the said accounts and presently a branch manager of a new generation bank.One more photo below.                                                                                

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