Donatella Versace, who held the role of Versace’s chief creative officer for nearly 30 years, stepped down last month.

Prada will officially buy Versace. On April 10, Prada Group announced plans to purchase the Italian fashion house for $1.375 billion from Capri Holdings, adding the Gianni Versace-founded line to its group of luxury brands.

Prada will buy rival fashion house Versace for $1.4 billion in a deal uniting the two biggest names in Italian luxury, the brands announced Thursday. The deal is part of a series of shakeups at Versace, where longtime creative leader Donatella Versace stepped aside last month.