Last Thursday, Prada made a significant move in the global luxury market by acquiring its competitor Versace from Capri Holdings for $1.38 billion. This merger of two iconic Italian brands is a milestone, opening doors for operational efficiency and revenue growth.  

The Italian fashion giant Giorgio Armani has earned recognition for swift and efficient measures to address controversial labor practices associated with its Chinese subcontractors. Following the introduction of special management, this demonstrates how enhancing internal structures and supply chain controls can restore a company's reputation.