Capri's Stock Rises As Prada Considers Potential Acquisition Of Versace - Capri Holdings (NYSE:CPRI)
- Capri Holdings Ltd shares are trading higher on Friday as Prada explores a bid for Versace, which is currently for sale by Capri.
- Prada is collaborating with Citigroup Inc to evaluate the feasibility of acquiring Versace, according to a report from Reuters.
- The Federal Trade Commission has launched a lawsuit to halt the $8.5 billion acquisition of Capri by Tapestry Inc , leading both companies to end their merger agreement.
- Capri reported a 16.4% decline in its second-quarter FY25 revenue, with Versace's revenue decreasing by 28.2%, impacted by softening global demand for fashion luxury goods.
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Coverage Details
Total News Sources0
Leaning Left1Leaning Right3Center3Last UpdatedBias Distribution43% Center, 43% Right
Bias Distribution
- 43% of the sources are Center, 43% of the sources lean Right
43% Center
14%
C 43%
R 43%
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