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A Virginia university has filed a federal lawsuit after allegedly having money stolen from its endowment.

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Prada is going to buy Versace [[ ver-sach-he ]] in a deal valued at one-point-four-billion-dollars. In a statement, Prada said adding Versace's "highly recognizable" fashion brand gives Italian-based Prada "significant untapped growth potential." Versace was founded in 1978 by the late Gianni Versace -- who was murdered by a serial killer in 1997. It has been owned since 2018 by Capri Holdings, which includes fashion giants Michael Kors and Jimmy Choo.  
 
 
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Posted: 04/11/2025 14:53:49 ET ATL

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