Italian luxury group Prada 1913.F is moving closer to a deal to buy Versace from upmarket fashion group Capri Holdings CPRI.N after agreeing to a price of nearly 1.5 billion euros ($1.6 billion), Bloomberg News reported on Sunday. Prada and Capri – also owner of brands including Jimmy Choo and Michael Kors – could finalise a deal for Versace in March, the report said, citing […] The post Prada moving closer to $1.6 billion deal for Versace, Bloomberg News reports appeared first on Interaksyon.
Prada is nearing a $1.6 billion deal to acquire Versace from Capri Holdings, according to Bloomberg News. Talks are progressing, with potential finalization in March, though the deal could still fall apart. Prada had preferential access to Versace's financial data after Capri put it up for sale.
