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Fashion giant Prada acquires Versace in 1.4-billion-dollar deal
Fashion giant Prada Group on Thursday announced its plans to buy Italy's Versace from US-based luxury brand Capri Holdings in a deal worth €1.25 billion (Rs. 125 crores), subject to “adjustments at closing”, which includes regulatory approval, according to a press release dated April 10.
Capri Holdings (NYSE:CPRI) rose 5% amid reports that Prada (OTCPK:PRDSF) is close to acquiring the Versace brand for about $1 ...
Following the acquisition announcement, Prada's shares rose nearly 5%, reflecting investor confidence in the company’s strategic direction. The acquisition is a testament to its strategic ...
Shares of Capri Holdings rose Wednesday after The Wall Street Journal reported that talks to sell its Versace brand to Prada are at risk of collapsing amid a market in turmoil. The stock was up 5.5% ...
Prada and Capri Holdings stock rose following a report of a $1.6 billion price tag for Versace. Capri, which owns Versace, rose about 7% in New York and Prada closed 3.5% higher in Hong Kong.
Goldman Sachs is reportedly leading a group of top investment banks to help Italian design giant Prada bankroll its planned $2.5 billion bid for luxury rival Versace. The David Solomon-led lender ...
For decades, the fiercely independent Prada SpA Chairman Patrizio Bertelli talked about the need for Italian fashion houses ...
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