Prada edges closer to buying Versace for about €1.5bn

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Capri may sell struggling Versace to Prada. That’s boosting Capri’s stock.

Published: March 3, 2025 at 8:57 a.m. ETCapri Holdings Ltd.’s stock soared 7.8% early Monday, after a report that the company is close to selling its Versace brand to Italian fashion company Prada SpA in a deal valued at 1.5 billion euros.The Italian family-owned Prada PRDSY has agreed to that price, Bloomberg reported, citing people familiar with the matter. Versace was founded by the late Gianni Versace in 1878 and is currently run by his sist…

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Nothing is yet in dry cloths, but a spectacular takeover is underway on the Italian fashion market: Prada could swallow the competitor Versace. Supposedly, there is already an agreement on the price. Other luxury brands are also currently on sale.

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Prada moves nearer to $1.6 billion deal for Versace

Italian luxury group Prada is moving closer to a deal to buy Versace from upmarket fashion group Capri Holdings after agreeing to a price of nearly €1.5 billion, Bloomberg News has reported.

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There seems to be a big deal in the local fashion industry. Already in March, Prada could be the new owner of Versace

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Prada near deal to purchase Versace from Capri for €1.5B

Prada (PRDSY) nears a €1.5B deal to acquire Versace from Capri Holdings (CPRI).

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Prada moving closer to $1.6 billion deal for Versace, Bloomberg News reports

Italian luxury group Prada is moving closer to a deal to buy Versace from upmarket fashion group Capri Holdings after agreeing to a price of nearly 1.5 billion euros ($1.6 billion), Bloomberg News reported on Sunday.