The Business of Fashion

Versace Owner Capri Jumps on Prada Moving Closer to Purchase

Capri Holdings Ltd. saw its shares rise as much as 9.6 percent following reports that it is close to selling its Italian luxury brand Versace to Prada for up to €1.5 billion, a deal that could help Prada compete with luxury giants like LVMH and Kering SA.

Mar 3, 2025 - 18:10
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Versace Owner Capri Jumps on Prada Moving Closer to Purchase
Capri Holdings Ltd. saw its shares rise as much as 9.6 percent following reports that it is close to selling its Italian luxury brand Versace to Prada for up to €1.5 billion, a deal that could help Prada compete with luxury giants like LVMH and Kering SA.
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