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1913 Prada SpA News Story

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Italy's Prada agrees to buy fashion rival Versace

MILAN, April 10 (Reuters) - Prada 1913.F has struck a deal to buy smaller rival Versace from Capri Holdings CPRI.N in a move to unite two of the biggest names in Italian fashion. The deal has an enterprise value of $1.375 billion, Prada said.

 (Reporting by Elisa Anziolin
Writing by Keith Weir)

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