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You are at:Home » Italy’s Prada is considering acquiring Versace from Capri Holdings, the Daily News reported.
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Italy’s Prada is considering acquiring Versace from Capri Holdings, the Daily News reported.

Adnan MaharBy Adnan MaharJanuary 15, 2025No Comments3 Mins Read0 Views
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Italian newspaper Prada is considering acquiring fashion group Versace from Capri Holdings, daily newspaper Il Sole 24 Ore reported on Friday.

The report said Citi was acting as an advisor to Prada, adding that Capri Holdings had tasked Barclays with finding a potential buyer.

The Italian business daily added that other fashion groups and private equity funds would also be interested in Versace, but the value of the Italian house is still under discussion. Prada did not comment on the report.

Last month, trade publication Women’s Wear Daily reported that the American luxury conglomerate, which also owns Michael Kors and other fashion groups, is seeking buyers for some of its brands, including Versace and luxury shoe maker Jimmy Choo. It was reported. Course reconstruction plan.

Capri posted a stronger-than-expected drop in quarterly sales in November, hurt by mis-execution across the brand and a slowdown in global luxury demand.

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Adnan Mahar
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Adnan is a passionate doctor from Pakistan with a keen interest in exploring the world of politics, sports, and international affairs. As an avid reader and lifelong learner, he is deeply committed to sharing insights, perspectives, and thought-provoking ideas. His journey combines a love for knowledge with an analytical approach to current events, aiming to inspire meaningful conversations and broaden understanding across a wide range of topics.

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