The agreement will return to Versace in the owner of Italy, and Prada is in a more desirable position for the competition.
The Italian Prada Fashion House said to buy a Versace brand from Capri Holdings with an Enterprise (EV) value to 1.375 billion dollars. The Milan Company, to the leader where a billions of designer Miuccia Prada and his wife Patricio Bertelli, expect a transaction to close in the second half of 2025. It was reported by the Vloomberg news agency.
Prada will support it with a new debt of 1.5 billion euros. This purchase will be the largest of Prada’s 112-year history.
The deal will return to Versace in the owner of Italy, and Prada will receive a more benefit position for competition with large luxury brands, such as LVMH and Kering.
Capri, who also owns the brands of Michael Kors and Jimmy Choo, obtained Versace in 2018 for 1.8 billion euros.
Capri shares were added to a price of 0.2% on the initial bid on Thursday.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.