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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Italian fashion group Prada is closing in on the purchase of Versace after negotiating a discount of more than $200mn, due to the impact of US President Donald Trump’s trade war.
Prada and Capri Holdings, Versace’s owner, are set to announce a deal worth about $1.38bn as soon as Thursday, according to people with direct knowledge of the talks.
These people added…
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