MILAN (Reuters) -Prada struck a deal on Thursday to buy smaller rival Versace from Capri Holdings for $1.375 billion, which includes its debt, in a move that unites two of the biggest names in Italian fashion. Prada is seeking to expand, having defied a slowdown in luxury demand, while Versace has been operating at a loss. The deal follows the announcement on March 13 that Donatella Versace was stepping down as the chief creative officer of the brand founded by her late brother Gianni.
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