Prada close to acquiring Versace for $1.1 billion, Capri Holdings could benefit financially

From Stocktwits: 2025-04-07 00:04:00

Prada is reportedly close to acquiring Versace for $1.1 billion, with an announcement expected on Thursday. Talks have been ongoing for months, and Prada may also be interested in buying Jimmy Choo. Capri Holdings CEO John Idol is set to discuss the deal in Milan soon. Capri previously attempted to sell Versace, Michael Kors, and Jimmy Choo to Tapestry, but the deal fell through due to regulatory issues. If the Prada-Versace deal goes through, Capri could reduce debt and improve financials. Retail sentiment on Stocktwits for Capri has turned ‘extremely bullish’ recently. Share price closed at $14.52 on Friday.



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