India, April 12 -- On Thursday, luxury brand Prada announced it is buying Versace from Capri Holdings for 1.25 billion euros (over 1,000 crores). On her Instagram, Donatella Versace wrote: "I am absolutely delighted for Versace to become part of the Prada family. Gianni and I have always had a huge admiration for Miuccia, Patrizio and their family. I am honoured to have the brand in the hands of such a trusted Italian family business, and I am ready to support this new era for the brand in any way that I can." We speak to industry experts to gather thoughts on this particular deal.

According to designer Nachiket Barve, it is a significant merger as there are a lot of uncertainties in the luxury market.

While designer Rina Dhaka takes a ...