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Luxury Goods

1,259.001

+36.6763.00%

Number of Gainers:6

Number of Losers:4

Number of Flat:2

PE:- -

High:1,271.849

Open:1,236.043

Low:1,221.893

Close:1,222.325

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Traders Stampede Into Bullish Bets on Gold -- WSJ

Luk Fook Holdings International - Qtrly Mainland China Market Same Store Sales +2%

THOMSON REUTERS

Gold is at a fresh record high. Does it still make sense to buy?

GLD ETF Gains 1.9%

As markets unravel, gold heads for its best three-day rally since the COVID-19 chaos

Hong Kong Stocks End Week Higher Despite Tariff Tensions; Prada Rises

MT Newswires Live

Prada to Purchase Versace for $1.38 Billion; Shares Rise 3%

MT Newswires Live

BUZZ-Prada's HK shares jump on $1.38 billion Versace deal

Correction to Prada Deal for Versace at Risk of Collapsing With Market in Turmoil on April 9

Prada's Acquisition of Versace Looks Positive but Brings Challenges -- Market Talk

Prada to buy rival Versace in $2.3 billion deal

Sydney Morning Herald

Capri Stock Is Plummeting on $1.38 Billion Sale of Versace to Prada -- Barrons.com

Versace Seems a Good Fit in Prada's Portfolio, But Revamp Will Take Time -- Market Talk

Prada CEO Says Versace Integration Requires Long-Term Mindset -- Market Talk

Prada's Acquisition of Versace Makes Sense -- Market Talk

Prada Strikes $1.4 Billion Deal for Versace -- Update

Capri to Sell Versace to Prada for Roughly $1.38 Billion

MT Newswires Live

Italy's Prada agrees to buy fashion rival Versace

Prada Spa - Deal for Enterprise Value of US$1.375 Bln

THOMSON REUTERS

Prada Spa - Discloseable Transaction in Relation to the Acquisition of the Versace Group

THOMSON REUTERS

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Some traders are wagering the run will continue.There's been a rush into options bets that would likely pay out if prices kept rising. Trading in call options tied to one of the largest gold exchange-traded funds-trades that give the right to buy shares at a given price, by a stated date-surged to an all-time high late last week.The frenzy of trading underscores the intense fear in markets right now, with few places to hide from the turmoil. U.S. stocks are tumbling. So are Treasurys and the U.S. dollar.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL .","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4504","BK1545","00280","BK4585","O87.SI","02840","BK4550","BK4588","BK1224","BK4570","GLD"],"gpt_icon":1},{"id":"2528718506","title":"Luk Fook Holdings International - Qtrly Mainland China Market Same Store Sales +2%","url":"https://stock-news.laohu8.com/highlight/detail?id=2528718506","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2528718506?lang=en_us&edition=fundamental","pubTime":"2025-04-17 19:19","pubTimestamp":1744888747,"startTime":"0","endTime":"0","summary":null,"market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250417:nFWN3QU2OW:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK1502","BK1602","BK1224","BK1601","00590","BK1545"],"gpt_icon":0},{"id":"2526460478","title":"Gold is at a fresh record high. Does it still make sense to buy?","url":"https://stock-news.laohu8.com/highlight/detail?id=2526460478","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526460478?lang=en_us&edition=fundamental","pubTime":"2025-04-12 20:00","pubTimestamp":1744459200,"startTime":"0","endTime":"0","summary":"'Gold isn't for the end of the world. It's for the world we're in': GoldCore's Jan Skoyles. Gold's performance has been impressive, to say the least, against a backdrop of changing U.S. tariff policies and a plunge in global stock markets.And while some worry about its climb to record highs, it may still be a good time to buy the precious metal.It's not too late to profit from gold, said Jan Skoyles, U.K.-based head of marketing at precious-metals dealer GoldCore, in a video posted on YouTube Thursday. \"Not by a long shot - you're right on time,\" she said.Gold's price climb, however, may suggest to some that it's too late catch the rally.Gold rises when \"trust folds, when systems wobble, when people start asking whether the people in charge are really, truly in charge,\" she said. \"So if you're sitting on the sidelines wondering if the ship has sailed, well, here's the simple truth: The ship hasn't even finished boarding.\". In the U.S., government policy has seen big shifts since Trump ","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1545","BK4570","BK4585","BK4504","BK1224","O87.SI","BK4550","00280","GLD","BK4588","02840"],"gpt_icon":1},{"id":"2526646205","title":"GLD ETF Gains 1.9%","url":"https://stock-news.laohu8.com/highlight/detail?id=2526646205","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526646205?lang=en_us&edition=fundamental","pubTime":"2025-04-12 04:35","pubTimestamp":1744403700,"startTime":"0","endTime":"0","summary":"This article was automatically generated using Dow Jones technology.Shares of SPDR Gold Shares rose 1.9% to $297.93 Friday on what proved to be an overall favorable trading session for the U.S. stock market, with the S&P 500 Index rising 1.8% to 5,363.36.This was the fund's fourth consecutive day of gains.Trading volume was 20,904,713, compared to the 65-day average trading volume of 9,741,621.As of April 10, the fund's net asset value totaled $289.83 per share.","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1545","02840","FDN","00280","O87.SI","GLD","BK4585","BK1224","BK4588","BK4550","BK4504","BK4570"],"gpt_icon":1},{"id":"2526613828","title":"As markets unravel, gold heads for its best three-day rally since the COVID-19 chaos","url":"https://stock-news.laohu8.com/highlight/detail?id=2526613828","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526613828?lang=en_us&edition=fundamental","pubTime":"2025-04-12 00:45","pubTimestamp":1744389900,"startTime":"0","endTime":"0","summary":"A popular gold ETF has attracted more than $1.3 billion of inflows in the past week as of April 10, FactSet data show. Gold has been on a tear this week, extending a recent run-up, with investors most recently flocking to it as a haven amid turbulent markets sparked by a global trade war over tariffs.\"During the last three days, gold is up over 8% and on pace for its largest three-day move since March 2020,\" Bespoke Investment Group said in a Friday note. \"Before that, you would have to go back to the financial crisis to find the last time it rallied as much in three days.\". The U.S. dollar DXY and Treasurys were down Friday and heading for weekly losses, according to FactSet data, at last check. By contrast, gold  was on track to rise this week.The S&P 500 has lost about 5% so far this month, after the White","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4139","BK4570","BK4535","US3Y.BOND","US12M.BOND","BK1545","BK4548","00280","US7Y.BOND","BK4550","US6M.BOND","BNTX","GLD","BK4504","BK4551","O87.SI","US5Y.BOND","US30Y.BOND","US10Y.BOND","US2Y.BOND","BK1224","BK4585","02840","BK4588","FDN","BK4568"],"gpt_icon":1},{"id":"2526065594","title":"Hong Kong Stocks End Week Higher Despite Tariff Tensions; Prada Rises","url":"https://stock-news.laohu8.com/highlight/detail?id=2526065594","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526065594?lang=en_us&edition=fundamental","pubTime":"2025-04-11 17:55","pubTimestamp":1744365355,"startTime":"0","endTime":"0","summary":"Hong Kong stocks reversed losses in the morning session to cap off the week with gains, as China stood firm in the face of its tariff war against the US.The Hang Seng Index rose 1.13%, or 232.91 points, to end Friday's session at 20,914.69. The Hang Seng China Enterprises Index climbed 1.74%, or 133.13 points, to 7,801.51.On Friday, Beijing raised its tariffs on US goods to 125%, countering Washington's overnight move to hike duties on Chinese imports to 145%.This latest tit-for-tat action underscores the deepening rift between the two economic superpowers, threatening to disrupt global supply chains and destabilize international trade.Mainland buying of Hong Kong stocks added to the day's gains. South China Morning Post reported that mainland investors bought over HK$7 billion of Hong Kong-listed shares on Friday, bringing the total to HK$77.6 billion this week.In corporate news, shares of Prada  rose over 2% after the luxury brand announced that it would acquire rival Versace from Ca","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["HSI","BK1227","BK1502","02833","BK1545","LU0181495838.USD","BK1577","MCHmain","513600","LU0326950275.SGD","HHImain","BK1602","01913"],"gpt_icon":0},{"id":"2526501726","title":"Prada to Purchase Versace for $1.38 Billion; Shares Rise 3%","url":"https://stock-news.laohu8.com/highlight/detail?id=2526501726","media":"MT Newswires Live","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526501726?lang=en_us&edition=fundamental","pubTime":"2025-04-11 12:49","pubTimestamp":1744346988,"startTime":"0","endTime":"0","summary":"Prada  will acquire rival Versace from Capri Holdings for an enterprise value of $1.375 billion, according to a Thursday filing with the Hong Kong bourse.The Hong Kong-listed fashion company will fund the transaction through 1.5 billion euros of new debt, comprising a 1-billion-euro term loan and a 500-million-euro bridge loan facility, according to a separate press release by Prada.Completion is slated for the second half of 2025, Prada said.Versace will maintain its identity and \"cultural authenticity\" following the deal, Prada said.Citigroup Global Markets Europe and Goldman Sachs Bank Europe serve as financial advisers to the deal.Prada's shares rose 3% in Hong Kong during Friday's late morning trading.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK1227","BK1502","BK1545","BK1577","LU2750360641.GBP","IE0034235188.USD","LU0326950275.SGD","LU0181495838.USD","IE00B19Z3581.USD","01913","LU2237443622.USD","IE0002270589.USD","LU2237438978.USD","LU2237443382.USD","LU2471134523.USD","LU0061475181.USD","LU1668664300.SGD","LU2471134952.CNY","LU1791807156.HKD","LU0251142724.SGD","LU0048573561.USD","LU0096364046.USD","IE00B19Z3B42.SGD","IE0004086264.USD","LU0251131958.USD","BK4550","LU2237443549.SGD","LU2237443895.HKD","IE0004091025.USD","LU0742534661.SGD","LU2471134796.USD","IE00BFXG1179.USD","BK4504","LU2237443978.SGD","LU1868837136.USD","BK4585","IE00BSNM7G36.USD","BK1602","LU1868836914.USD","LU1868836757.USD","LU2471134879.HKD","LU2237443465.HKD","LU1868836591.USD","BK4127","BK4552","LU1868837300.USD","BK4533","BK4516","BK4588","LU0106831901.USD"],"gpt_icon":0},{"id":"2526757731","title":"BUZZ-Prada's HK shares jump on $1.38 billion Versace deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2526757731","media":"Reuters","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526757731?lang=en_us&edition=fundamental","pubTime":"2025-04-11 10:54","pubTimestamp":1744340048,"startTime":"0","endTime":"0","summary":"BUZZ-Prada's HK shares jump on $1.38 billion Versace deal** HK shares of Prada 1913.HK jump 7.8% to a one-week high of HK$51.6; set for steepest one-day pct rise since March 8, 2024** Prada struck $1.38 billion deal to buy smaller rival Versace from Capri Holdings CPRI.N on Thursday in a move that unites two of the biggest names in Italian fashion and offers the prospect of enhanced revenues** Co's Frankfurt-listed stock 1913.F jumped 13% on Thursday** Prada CEO says Versace deal is a revenues project, not a synergies project** YTD, HK-listed stock falls ~20%, Frankfurt shares shed ~25%  ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250411:nL2N3QP03B:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"2","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4585","LU0267386448.USD","BK4581","CPRI","LU2133065610.SGD","LU1720051108.HKD","LU0158827781.USD","LU0098860793.USD","LU1989772923.USD","BK4516","BK4534","BK4202","BK4504","LU2111349929.HKD","LU0795875086.SGD","LU1162221912.USD","LU1548497426.USD","LU1720051017.SGD","LU2028103732.USD","LU2357305700.SGD","LU1732800096.USD","LU2271345857.HKD","BK1545","LU2089284900.SGD","IE00BKVL7J92.USD","LU0006306889.USD","LU0106831901.USD","LU0795875169.SGD","BK1227","LU0181495838.USD","LU1732799900.SGD","LU0320765646.SGD","LU0971096721.USD","BK4588","LU0314104364.USD","LU0225283273.USD","LU0326950275.SGD","LU1363072403.SGD","LU2023251221.USD","IE00BZ1G4Q59.USD","01913","BK1502","LU2089283258.USD","LU2347655156.SGD","BK1577","LU1989772840.SGD","BK1602","LU1668664300.SGD","LU0106261372.USD","BK4127"],"gpt_icon":1},{"id":"2526251762","title":"Correction to Prada Deal for Versace at Risk of Collapsing With Market in Turmoil on April 9","url":"https://stock-news.laohu8.com/highlight/detail?id=2526251762","media":"Dow Jones","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526251762?lang=en_us&edition=fundamental","pubTime":"2025-04-11 02:07","pubTimestamp":1744308420,"startTime":"0","endTime":"0","summary":"Prada's namesake family still had to sign off on the agreement. \"Prada Deal for Versace at Risk of Collapsing With Market in Turmoil -- WSJ\" incorrectly said Versace's namesake family still had to sign off.","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1502","BK4202","BK1577","01913","LU0181495838.USD","CPRI","BK1545","BK1227","BK1602","LU0326950275.SGD"],"gpt_icon":0},{"id":"2526592414","title":"Prada's Acquisition of Versace Looks Positive but Brings Challenges -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2526592414","media":"Dow Jones","labels":["merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526592414?lang=en_us&edition=fundamental","pubTime":"2025-04-10 23:21","pubTimestamp":1744298460,"startTime":"0","endTime":"0","summary":"1521 GMT - Versace has distinctive aesthetics and strong brand awareness, but a plan to revamp the label adds risks for Prada, Stifel analyst Rogerio Fujimori says. U.S. group Capri Holdings agreed to sell Versace to Italian luxury firm Prada for $1.38 billion. On the positive side, Prada is buying Versace at a slightly lower price than expected a few weeks ago, the analyst says. Furthermore, Versace's new creative director, Dario Vitale, could reignite the brand's momentum, he adds. However, Versace has reported weak figures recently, and its turnaround plan could weigh on Prada's growth, Fujimori says. ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"merge","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["01913","BK1602","BK1227","BK1545","LU0181495838.USD","BK1502","CPRI","LU0326950275.SGD","BK1577","BK4202"],"gpt_icon":0},{"id":"2526597665","title":"Prada to buy rival Versace in $2.3 billion deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2526597665","media":"Sydney Morning Herald","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526597665?lang=en_us&edition=fundamental","pubTime":"2025-04-10 23:06","pubTimestamp":1744297606,"startTime":"0","endTime":"0","summary":"Versace will be acquired by the Prada Group from the US luxury group Capri Holdings.","market":"nz","thumbnail":"https://images.perthnow.com.au/publication/C-18333057/ed3928f1fb223c85d453fbdd3f0d90f4bc4d8a63-16x9-x0y0w1280h720.jpg","type":0,"news_type":0,"thumbnails":["https://images.perthnow.com.au/publication/C-18333057/ed3928f1fb223c85d453fbdd3f0d90f4bc4d8a63-16x9-x0y0w1280h720.jpg"],"rights":{"source":"perthnow_stock","url":"https://www.perthnow.com.au/business/prada-to-buy-rival-versace-in-23-billion-deal-c-18333057","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.perthnow.com.au/business/prada-to-buy-rival-versace-in-23-billion-deal-c-18333057","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"perthnow_stock","symbols":["BK1545","BK1227","BK1602","BK1502","LU0326950275.SGD","LU0181495838.USD","BK1577","01913"],"gpt_icon":0},{"id":"2526594480","title":"Capri Stock Is Plummeting on $1.38 Billion Sale of Versace to Prada -- Barrons.com","url":"https://stock-news.laohu8.com/highlight/detail?id=2526594480","media":"Dow Jones","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526594480?lang=en_us&edition=fundamental","pubTime":"2025-04-10 23:04","pubTimestamp":1744297440,"startTime":"0","endTime":"0","summary":"Italian luxury conglomerate Prada is buying Versace from Capri Holdings for $1.38 billion, the companies said Thursday -- a little over half of what Capri paid to acquire it in 2018.The transaction is expected to close in the second half of 2025.Capri stock plunged 11% to $14.53 Thursday morning. Prada stock, which trades on the Hong Kong stock exchange, closed 5% higher before the deal was announced. U.S.-listed shares were up 1%.The news isn't entirely a surprise -- there had been reports that Prada was making a bid on Versace since March. At the time, Capri shares rallied at the prospect that the sale could enable Capri to focus on improving its core Michael Kors brand, while adding another heritage Italian brand to Prada's portfolio.Earlier in April, Capri announced Chief Financial Officer and Chief Operating Officer Tom Edwards was leaving the company in June to take on the same roles at Macy's. The departure came \"somewhat as a surprise\" given Edwards' history at the company, wro","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4220","LU0963586101.USD","LU0128525689.USD","BK4103","01913","BK1227","LU1267930227.SGD","LU0070302665.USD","BK4516","CPRI","BK1502","BK1577","BK1602","BK4585","TPR","LU0052756011.USD","LU0310800965.SGD","LU0181495838.USD","LU0320765489.SGD","BK1545","BK4588","LU0326950275.SGD","BK4202","LU0208291251.USD"],"gpt_icon":0},{"id":"2526168591","title":"Versace Seems a Good Fit in Prada's Portfolio, But Revamp Will Take Time -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2526168591","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526168591?lang=en_us&edition=fundamental","pubTime":"2025-04-10 22:48","pubTimestamp":1744296480,"startTime":"0","endTime":"0","summary":"1448 GMT - Versace fits in Prada's portfolio because it complements its new owner's aesthetics well, Bernstein analyst Luca Solca says. The Italian luxury firm agreed to buy the Versace brand, known for its loud and bold designs, from U.S. group Capri Holdings in a $1.4 billion deal. Versace's loud aesthetics contrast with the more minimalist designs of the Prada brand. \"Having said that, dusting off and reinventing the brand will require much time and effort,\" Solca adds. Capri has been seeking to turn Versace around as the label has struggled with sales declines and operating losses. ","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["01913","LU0181495838.USD","BK1502","BK1577","CPRI","BK1545","BK4202","BK1602","LU0326950275.SGD","BK1227"],"gpt_icon":0},{"id":"2526596379","title":"Prada CEO Says Versace Integration Requires Long-Term Mindset -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2526596379","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526596379?lang=en_us&edition=fundamental","pubTime":"2025-04-10 22:24","pubTimestamp":1744295040,"startTime":"0","endTime":"0","summary":"1424 GMT - Prada's CEO Andrea Guerra says the integration of Versace will require patience and a long-term mindset. Italy's Prada agreed to buy Versace from U.S. conglomerate Capri for $1.38 billion. Prada's work to reposition its existing brands shows rooting a brand properly takes time, Guerra says in a call with analysts after the Versace deal. At Prada's Miu Miu label, it took 36 to 48 months to reap the fruits, he says. With Versace, there will be no shortcuts, Guerra says. ","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["01913","BK1602","LU0326950275.SGD","BK4202","BK1227","LU0181495838.USD","BK1577","CPRI","BK1545","BK1502"],"gpt_icon":0},{"id":"2526564058","title":"Prada's Acquisition of Versace Makes Sense -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2526564058","media":"Dow Jones","labels":["merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526564058?lang=en_us&edition=fundamental","pubTime":"2025-04-10 21:16","pubTimestamp":1744290960,"startTime":"0","endTime":"0","summary":"1316 GMT - Prada's acquisition of Versace makes sense even though the deal could be an initial drag on the group's profitability, given the investments needed to reboot the brand, Morningstar analyst Jelena Sokolova says. The Italian luxury fashion group agreed to acquire the Versace brand from U.S. group Capri Holdings for $1.4 billion. Prada's profitability and cash position have been strengthened in recent years, helped by strong brand momentum, the analyst says. Versace has been struggling with revenue declines and reported operating losses for the past three quarters. \"Prada has definitely track record and expertise in running luxury brands that current owner Capri probably lacks,\" the analyst says. ","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"merge","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1227","BK1577","BK4202","01913","BK1602","BK1502","LU0181495838.USD","BK1545","CPRI","LU0326950275.SGD"],"gpt_icon":0},{"id":"2526569175","title":"Prada Strikes $1.4 Billion Deal for Versace -- Update","url":"https://stock-news.laohu8.com/highlight/detail?id=2526569175","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526569175?lang=en_us&edition=fundamental","pubTime":"2025-04-10 20:44","pubTimestamp":1744289040,"startTime":"0","endTime":"0","summary":"Prada said it would acquire Versace from fashion conglomerate Capri Holdings for $1.38 billion, salvaging a deal that was at risk of collapsing because of the market upheaval.The deal was announced Thursday, confirming an earlier report by The Wall Street Journal.The Journal reported Wednesday that the deal's completion was uncertain because Prada's namesake family still hadn't given its final approval. That approval came early Thursday morning, according to people familiar with the matter.President Trump's escalating trade war had been wreaking havoc across Wall Street and forcing companies to rethink big decisions, with the retail industry being hit particularly hard.Versace, which was founded more than 40 years ago, is an Italian fashion house known for its flashy and sometimes risqué designs. Last month Capri appointed Dario Vitale to succeed Donatella Versace as chief creative officer of the Versace brand.Capri, whose stable of luxury brands also include Michael Kors and Jimmy Cho","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["CPRI","BK1545","LU0181495838.USD","LU0326950275.SGD","BK1577","01913","BK1602","BK1227","BK4202","BK1502"],"gpt_icon":0},{"id":"2526566748","title":"Capri to Sell Versace to Prada for Roughly $1.38 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2526566748","media":"MT Newswires Live","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526566748?lang=en_us&edition=fundamental","pubTime":"2025-04-10 20:38","pubTimestamp":1744288701,"startTime":"0","endTime":"0","summary":"Capri Holdings (CPRI) said Thursday it has agreed to sell Versace to Prada for about $1.38 billion in cash.The deal will likely close in H2, Capri added.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["01913","BK1602","LU0326950275.SGD","BK4202","BK1227","LU0181495838.USD","BK1577","CPRI","BK1545","BK1502"],"gpt_icon":0},{"id":"2526856695","title":"Italy's Prada agrees to buy fashion rival Versace","url":"https://stock-news.laohu8.com/highlight/detail?id=2526856695","media":"Reuters","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526856695?lang=en_us&edition=fundamental","pubTime":"2025-04-10 20:29","pubTimestamp":1744288148,"startTime":"0","endTime":"0","summary":"Italy's Prada agrees to buy fashion rival Versace MILAN, April 10  - Prada 1913.F has struck a deal to buy smaller rival Versace from Capri Holdings CPRI.N 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. ","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250410:nFWN3QO1GZ:2","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1502","BK1227","LU0181495838.USD","01913","BK1602","BK1545","LU0326950275.SGD","BK1577"],"gpt_icon":0},{"id":"2526798565","title":"Prada Spa - Deal for  Enterprise Value of US$1.375 Bln","url":"https://stock-news.laohu8.com/highlight/detail?id=2526798565","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526798565?lang=en_us&edition=fundamental","pubTime":"2025-04-10 20:23","pubTimestamp":1744287828,"startTime":"0","endTime":"0","summary":null,"market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250410:nFWN3QO1GZ:3","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK1545","BK1577","LU0181495838.USD","LU0326950275.SGD","BK1502","01913","BK1227","BK1602"],"gpt_icon":0},{"id":"2526565791","title":"Prada Spa - Discloseable Transaction in Relation to the Acquisition of the Versace Group","url":"https://stock-news.laohu8.com/highlight/detail?id=2526565791","media":"THOMSON REUTERS","labels":["merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526565791?lang=en_us&edition=fundamental","pubTime":"2025-04-10 20:23","pubTimestamp":1744287828,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250410:nFWN3QO1GZ:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"merge","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK1602","BK1545","BK1577","LU0326950275.SGD","01913","LU0181495838.USD","BK1502","BK1227"],"gpt_icon":0}],"pageSize":20,"totalPage":2,"pageCount":1,"totalSize":29,"code":"91000000","status":"200"}]}}