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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RE: PROTEST AS SOLDIERS ALLEGEDLY SHOT YOUNG MAN IN YENAGOA.#PRESS RELEASE.

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No photo description available.
      1. The attention of 16 Brigade Nigerian Army has been drawn to a malicious publication on www.nationalhelm.com dated 21 February 2019. In the said publication it was alleged that soldiers allegedly killed a young man at Biogbolo road in Yenagoa.
2. For the records, it is important to state that the publication was meant to malign the revered image and reputation of the Nigerian Army. In the publication, It was wrongly alleged that soldiers unjustly killed a youth around Barath road. The allegation by Frank that soldiers shot at them sporadically which led to the death of one youth and leaving several others injured was malicious and totally untrue. While the Brigade doesn't want to join issues with this medium, it is important to categorically state that no soldier was involved in any shooting saga in Yenagoa. Consequently, it is important to state that as a professional army which has over time maintained a robust civil-military relations with the good people of Bayelsa state, it is therefore untoward that the online medium could attempt to malign this highly valued relationship. The loss of human life is highly regrettable however, it is incumbent on the medium to cross check facts before filing their stories.
3. Additionally, the Brigade wishes to reiterate that it's personnel are professionals who conduct operations in line with the extant Rules of Engagement and Code of Conduct as well as best global practices thereby respecting the rights of civilians at all times. The Brigade wishes to reassure all the good people of Bayelsa state to go about their normal activities and report any suspicious person to security agencies.
4. You are please requested to use your medium to dessiminate this information to the general public.
JONAH DANJUMA
Major
Assistant Director Army Public Relations
22 February 2019
No photo description available.

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