Trump warns tariffs will return without trade deals
Trump says paused tariffs will return if trade deals aren't reached.
Prada has secured Versace at a €180m discount amid market turmoil and after months of speculation
Prada has agreed to buy the Versace fashion brand for €1.25bn ($1.38bn) from the fashion conglomerate Capri Holdings.
It comes after months of speculation about a potential deal to combine the two Italian fashion houses and, more recently, rumours that the acquisition was set to collapse after market upheaval in response to President Trump’s tariff policies.
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