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Prada to Acquire Versace From Capri

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Forbes |
The transaction is expected to close in the second half of this year and comes after Tapestry and Capri Holdings mutually decided to terminate their proposed merger agreement, which was originally va...
Reuters |
Prada said on April 10 it will buy smaller Italian rival Versace from Capri for 1.25 billion euros, which includes its debt.
Reuters |
The deal has an enterprise value of $1.375 billion, Prada said on Thursday.

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Prada Buys Versace From Capri Holdings In Luxury House Switch
Versace is changing hands after Capri Holdings and Prada Group agreed a $1.375 deal, which will see the luxury label join after Capri's collapsed merger with Tapestry.
Capri Holdings Enters Into Definitive Agreement to Sell Versace to Prada S.p.A.
Capri Holdings Limited (NYSE: CPRI), a global fashion luxury group, today announced that it has entered into a definitive agreement to sell Versace to Prada S.p.A. (HKSE: 1913) for $1.375 billion in cash subject to certain adjustments.
Prada Buys Versace From Capri for Nearly $1.4B
Fashion conglomerate Capri Holdings (CPRI) has agreed to sell Italian luxury brand Versace to Prada for almost $1.4 billion, a deal that had been anticipated but reportedly had been at risk of collapsing because of market turmoil in the wake of President Donald Trump's tariffs.
Prada’s crisis-era Versace deal still looks pricey
Prada is getting a discount but not a good deal. After weeks of talks with Michael Kors-owner Capri , the Hong Kong-listed Italian group agreed to pay 1.3 billion euros ($1.4 billion) for Versace. Given Capri paid $2 billion for the brand famous for its Medusa logo in 2018,
Versace’s ‘Quiet Luxury’ Blunder Opened Door to Prada Takeover
Fashion executive John Idol thought Versace leaned too much on ornate designs and aimed to fix it by dialing things down, then boosting prices.
Tariffs send Versace to the sale rack.
Prada is reportedly set to acquire Versace from Capri Holdings for $1.38 billion, scoring a $200 million discount on the previous valuation of the deal due to global trade uncertainties. Capri, which is grappling with debts and weak market demand,
Italy's Prada agrees to buy fashion rival Versace
Prada has struck a deal to buy smaller rival Versace from Capri Holdings in a move to unite two of the biggest names in Italian fashion. The deal has an enterprise value of $1.375 billion, Prada said on Thursday.
Capri Holdings Shares Up on $1.4 Bln Versace Sale
Capri Holdings shares rose Thursday morning after the company struck a deal to sell the Versace brand to Prada for $1.4 billion. Shares traded 1.4% higher at $16.59. The Wall Street Journal first reported Wednesday that the deal's completion wasn't confirmed because Prada's namesake family still hadn't given its final approval.
Capri Shares Rise After Report on Potential Collapse of Prada Deal to Buy Versace
Shares of the New York fashion conglomerate have fallen about 70% over the past 12 months. Prada has a tentative deal to acquire Versace from Capri for roughly $1.4 billion, which could be announced as soon as Thursday morning,
Capri Holdings Stock Outlook Bolstered By Likely Versace Sale - Strong Buy Reiterated
Capri Holdings' stock is under pressure but holds potential as Versace's divestiture boosts value. Read more on CPRI stock and its buy rating here.
Capri aims to revive Michael Kors with lower prices, Amazon e-commerce sales
Capri Holdings may have to let go of its image as a luxury fashion house and bank on mid-tier pricing as well as a partnership with Amazon.com for its Michael Kors brand following its $1.4 billion sale of Versace to Prada.
Prada to Buy Versace from Capri
The Italian fashion house was purchased for €1.25 bn from Capri, which is restructuring after a failed merger with Tapestry.
Capri Holdings price target lowered to $13 from $19 at Barclays
Barclays lowered the firm’s price target on Capri Holdings (CPRI) to $13 from $19 and keeps an Equal Weight rating on the shares. The firm’s
Two of Europe’s best known luxury fashion houses join forces in $1.4 billion purchase
The Prada Group announced a deal Thursday to buy Italy’s Versace from the U.S. luxury group Capri Holdings under terms that value the fashion house at 1.25 billion euros ($1.4 billion).
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