Get access to our best features
Get access to our best features
Published

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.
Insights by Ground AI
Does this summary seem wrong?
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 43% of the sources are Center, 43% of the sources lean Right
43% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)