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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CHILD MOLESTATION: POLICE ARREST THREE, GOVT SHUTS ENUGU SCHOOL. (PHOTO).

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Child molestation: Police arrest three, govt shuts Enugu school

The Enugu State Police Command has arrested three persons over the alleged sexual molestation of a three-year-old girl (names withheld) at Tenderlink School, Trans-Ekulu, Enugu State.

Police investigations showed that the young girl sustained physical injuries and blood stains were observed on her private part after the school bus dropped her at home on Tuesday, November 14.

The girl’s female teacher, the school’s bus attendant and the driver, have been arrested for interrogation.

This was disclosed by the state Public Relations Officer, Daniel Ndukwe in a statement issued on Friday, via the command’s handle on X.

Ndukwe stated, “The Commissioner of Police, Enugu State Command, CP Kanayo Uzuegbu, has ordered the Deputy Commissioner of Police in-charge of the State Criminal Intelligence and Investigation Department to thoroughly investigate and ensure the prosecution of everyone involved in the sexual molestation of a three-year-old female pupil of Tenderlink School, Trans-Ekulu, Enugu.

“A preliminary investigation proves that the child (names withheld) was found to have been sexually molested, with physical injuries and patches of blood observed on her private part, after the school’s bus dropped her at home on Tuesday, November 14, 2023.”

The PRO noted that “in addition to the receipt of similar complaints by parents of other children at the school,” the command had arrested “three suspects, comprising the victim’s female teacher, the school’s bus attendant and driver” for interrogation.

Ndukwe stated that the commissioner described the act as “unthinkable and wonders why the school’s authority and teachers will allow such to happen to the toddler they are supposed to tutor and protect from such an ungodly act.”

In addition, the state government has ordered the shutdown of the school pending the conclusion of the investigation, a decision which the state CP appreciates, “while vowing to ensure that everyone found culpable faces the full wrath of the law.”

 

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