Prada Group has agreed to purchase Versace from Capri Holdings in a deal valued at $1.4 billion. The acquisition will be financed through $1.6 billion in new debt, following more than $1 billion already borrowed by Prada. The boards of both companies have approved the transaction.

“Versace will maintain its creative DNA and cultural authenticity, while benefiting from the full strength of the Group’s considerable consolidated platform, retail execution and operational expertise,’’ Prada said in a statement.

Donatella Versace, who served as Versace’s chief creative officer for nearly 30 years, stepped down last month, which influenced the negotiations. The luxury brand, founded in 1978 by Gianni Versace, was acquired by Capri Holdings (formerly Michael Kors) for $2.1 billion in 2018. This latest acquisition marks a significant shift in the luxury fashion industry, as Prada expands its influence and market share.

“We aim to continue Versace’s legacy, celebrating and re-interpreting its bold and timeless aesthetic,” said a spokesperson.

Rory McIlroy, the pre tournament second “choice,” behind Scottie Scheffler, survived a bad last round and won a playoff vs Justin Rose, to win the prestigious Masters golf crown for the first time.

Oh he nearly blew it, but now has won 5 major golf tournaments.

McIlroy is now the sixth golfer ever to win all four majors and achieve the career Grand Slam, joining Gene Sarazen, Ben Hogan, Gary Player, Jack Nicklaus and Tiger Woods.

Quite good company!

Panda Express has introduced a new dish to its menu: Hot Orange Chicken. This offering is a spicy twist on the brand’s signature Original Orange Chicken.

The Hot Orange Chicken retains the flavors fans know and expect but turns up the heat with six scoops of crushed chilis and a ladle full of dried chilis, the same ones featured in Panda’s Kung Pao Chicken. This fiery addition is set to tantalize taste buds across the country.

Original Orange Chicken by Panda Express is a signature dish and one of the chain’s most popular menu items. It features crispy, bite-sized pieces of fried chicken coated in a sweet, tangy, and slightly spicy orange-flavored sauce. The dish is known for its balance of flavors, combining savory and citrus notes with a hint of heat.