The Prada Group on Tuesday posted double-digit growth for the fourth consecutive year, bucking the luxury sector slide amid talk of a possible Versace acquisition. The group, which owns the Prada and Miu Miu fashion brands along with Church’s footwear,

As Miu Miu surpasses the 1 billion-euro mark, the focus remains on that brand and Prada, but group CEO Andrea Guerra said when dossiers "come around you look at them."

Prada is finalizing an agreement to acquire Versace from Capri Holdings for approximately 1.5 billion ($1.6 billion). This acquisition would unite two of Italys most iconic luxury fashion brands, bringing Versace

A report said Prada and Capri Holdings had agreed a 1.5 billion euro price tag for Versace, sending stock in both companies higher.

Prada is reportedly nearing a $1.6 billion deal to acquire Versace from Capri Holdings Ltd. aiming to compete with luxury giants LVMH and Kering.

Prada nears a deal to acquire Versace for €1.5B, boosting stocks of both companies. Check out market reactions and potential impacts on Capri's assets.