DUTCH REFEREE ROB DIEPERINK DIES WEEKS AFTER REMOVAL FROM WORLD CUP OFFICIATING LIST. (PHOTO).

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 Dutch referee Rob Dieperink dies weeks after removal from World Cup officiating list Dutch referee Rob Dieperink has died at the age of 38, weeks after FIFA removed him from its list of officials for the World Cup. The Dutch Football Association (KNVB) confirmed his death in a statement, saying it was “shocked and deeply saddened” by the news. His cause of death has not been disclosed. Dieperink was arrested in April by the Metropolitan Police in the United Kingdom following a report of an alleged sexual assault involving a teenage boy in London. A Metropolitan Police spokesperson said officers responded on April 9 to a report of sexual assault at an address in Croydon and arrested a man in his 30s on suspicion of the offence. Police later said that after reviewing available evidence, including CCTV footage and digital devices, the investigation had concluded that “the evidential threshold had not been met” and no further action would be taken. Following the investigation, FIFA co...
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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 end of February.


Capri, which also owns Jimmy Choo and Michael Kors, had to accept a reduced price from Prada amid the market turmoil caused by US President Donald Trump’s tariffs.


The Financial Times had reported that the price was initially expected to be about $1.6 billion but had been negotiated downwards in recent days.


Last month, Donatella Versace stepped down as creative director after more than 30 years, in what was widely seen as a prelude to the accord.


She took over in 1997 following the murder of her older brother Gianni, who founded the Milan-based label in 1978.


But on April 1 she was replaced as creative director by Dario Vitale, who has overseen soaring sales at Miu Miu, Prada’s sister brand targeting a younger clientele.


Donatella Versace, who turns 70 in May, is now the label’s chief brand ambassador.

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