On Friday, it was reported that the Italian fashion brand PRADA might be considering acquiring Versace.
The report cited market rumors that PRADA is working with advisor Citigroup to decide whether to seek a Trade.
The report stated that Versace's owner Capri Holdings Ltd. has hired Barclays to explore various options for the brand and other brands in its portfolio (such as Jimmy Choo).
Previously, due to regulatory issues, the court ordered a freeze on the 8.5 billion dollar merger plan between Capri and Tapestry, which was forced to be canceled.