Prada has purchased the entire building at 150 New Bond Street in London, home to Miu Miu, which is undergoing refurbishment.

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,

Luxury fashion group Prada's leading shareholder Patrizio Bertelli said on Wednesday he was "very cautious" about the possibility of making acquisitions, although the group is ready to look at potential opportunities.

Prada's CEO indicated on Tuesday the Italian fashion group was at least looking at potential mergers and acquisitions following reports linking it with possible deals for fellow luxury brands Versace and Jimmy Choo.

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."

The Devil Wear Prada 2 was officially confirmed last summer. Anne Hathaway and Meryl Streep will reportedly be reuniting once again for the new entry. However, the project has been confirmed,

While neighboring luxury fashion houses face declining sales amid an industry-wide downturn, Miu Miu reports a record year with 93% retail growth, and Prada's sales chart 4% higher.

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

(Reuters) - Italian luxury group Prada is moving closer to a deal to buy Versace from upmarket fashion group Capri Holdings after agreeing to a price of nearly 1.5 billion euros ($1.6 billion), Bloomberg News reported on Sunday.

Celebrities have been thin on the ground in Milan, in part thanks to fashion week’s conjunction with the Oscars, but a group came out for Prada, including Gal Gadot, Maya Hawke, Simone Ashley and Hunter Schafer.

Prada opened its runway show during Milan Fashion Week with its take on the little black dress, because, in the words of Miuccia Prada "we are in a very black moment.''

While talking with Collider for The Electric State, Stanley Tucci gave an update on a Devil Wears Prada sequel.