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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16-YEAR-OLD BOY WAS INJURED AFTER BEING HIT BY A PILLAR WHILE DANGEROUSLY RIDING ON THD FOOTBOARD OF A MOVING TRAIN. (PHOTO).

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 A 16-year-old boy in Chennai was injured after being hit by a pillar while dangerously riding on the footboard of a moving train.

 The boy, Abilash, a Hotel Management student, was attempting a stunt with his friends, which was recorded on video and has since gone viral on social media. The incident happened on October 9 between Royapuram and Washermanpet.


Abilash, from the Madhavaram area, regularly travels to college by train. On this occasion, he was hanging out of the moving train and trying to dodge pillars as the train sped up. Unfortunately, he misjudged the speed and was struck by one of the pillars, causing him to fall from the train.


He was quickly taken to Stanley Government Hospital, where he is receiving treatment for his injuries. Thankfully, his condition is stable, but he remains under medical care.


The Royapuram Police have started an investigation into the incident. Authorities are also warning against such dangerous behavior, reminding the public that riding on the footboard of a train is illegal and extremely risky.

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