Italian luxury group Prada is moving closer to a deal to buy Versace from Capri Holdings, with the two companies agreeing on a price of nearly 1.5 billion euros ($1.6 billion). Talks are progressing after initial due diligence showed no significant risks, but discussions could still fall apart. This comes as numerous fashion companies have expressed interest in acquiring the iconic brand. Prada has declined to comment, while Capri Holdings has not responded to a request for comment outside regular business hours.
Source: https://www.reuters.com/markets/deals/prada-moving-closer-16-billion-deal-versace-bloomberg-news-reports-2025-03-02