MILAN — The Prada Group has received the European Commission’s green light to acquire Versace. On Tuesday, the EU cleared Prada’s purchase of Versace’s parent Givi Holding Srl stating that it “would not raise competition concerns, given the companies’ limited market positions resulting from the proposed transaction.” More from WWD The operation, in accordance with EU regulations on concentration, pertains mainly to the design, production and distribution of luxury goods. Prada, which also controls the Mi ...