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Market Chatter: Capri's Versace Eyed by Prada, Other Fashion Houses, Private Equity
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Versace is up for sale, and PRADA is reportedly a potential buyer.
On Friday, it was reported that PRADA is one of the potential buyers of VERSACE, whose parent company Capri Holdings has put it up for sale. In November, Tapestry, Inc. abandoned the deal to acquire Capri Holdings, the owner of Michael Kors, for $8.5 billion. Two insiders stated that after the failed deal to create a USA luxury goods group, Capri Holdings hired Barclays to explore strategic options, including the sale of its VERSACE and...