Latest news with #CapriHoldingsLtd
Bloomberg
10-04-2025
- Entertainment
- Bloomberg
Prada and Versace Could Be a $1.4 Billion Clash
Pradace is real. Prada SpA said on Thursday that it would pay just under $1.4 billion for Versace from Capri Holdings Ltd. Although collaborations are all the rage right now, this is one fashion mash-up that should have stayed in the design room.
Bloomberg
09-04-2025
- Business
- Bloomberg
Prada Nears Approval of Versace Deal Despite Tariffs
Prada SpA is nearing final approval to acquire struggling luxury brand Versace for around €1.25 billion ($1.4 billion) from Capri Holdings Ltd. despite the tariff-induced volatility, according to people familiar with the matter. The board of the Milanese company, controlled by billionaire designer Miuccia Prada and her husband Patrizio Bertelli, is meeting Wednesday to sign off on the transaction, said the people, who asked not to be identified because talks are private.
Bloomberg
03-03-2025
- Business
- Bloomberg
Versace Owner Capri Jumps on Prada Moving Closer to Purchase
Capri Holdings Ltd. shares jumped as the U.S. company moves closer to a sale of its Italian luxury brand Versace to Prada SpA. The Italian family-owned company and Capri have agreed to a price of as much as €1.5 billion ($1.6 billion) for the fashion house founded by the late Gianni Versace in 1978, people familiar with the matter said late Sunday.
Bloomberg
02-03-2025
- Business
- Bloomberg
Prada Said to Move Closer to Versace Deal for Up to €1.5 Billion
Prada SpA is moving closer to a deal to buy Versace from Capri Holdings Ltd. after agreeing to a price of nearly €1.5 billion ($1.6 billion), according to people familiar with the matter. The Milan-based company and Capri could finalize a deal for the Italian luxury clothier this month, said the people, asking not to be identified because discussions are private. Talks are progressing after initial due diligence didn't find any risks, the people said.
Bloomberg
19-02-2025
- Business
- Bloomberg
Prada Works With Advisers to Evaluate Versace for Possible Bid
Prada SpA is working with advisers to evaluate the Versace brand as it weighs a bid for the Italian fashion company owned by Capri Holdings Ltd. Milan-based Prada, a rare standout amid the luxury sector's recent downturn, has kicked off a full review of Versace after gaining access to its latest financial and sales figures, people familiar with the matter said.
