Prada to Buy Versace for About $1.56 Bln, The Financial Times Says, Citing Sources

Dow Jones

Mar 03

-- Italian luxury fashion firm Prada has emerged as the frontrunner to buy Versace from Capri Holdings for about 1.5 billion euros ($1.56 billion), The Financial Times reports, citing unnamed sources.

-- Prada and Capri Holdings are edging closer to an agreement and a deal could be concluded within weeks, The Financial Times reports.

-- The pricing and timing of any deal could still change, according to the FT.

--Prada declined to comment, the FT said.

Full story: https://bit.ly/4h5PSjT

Write to Andrea Figueras at andrea.figueras@wsj.com

(END) Dow Jones Newswires

March 03, 2025 03:16 ET (08:16 GMT)

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