Capri jumps on report Prada among suitors for Versace

Prada SpA

10/01/2025 10:45

** Shares of Michael Kors owner Capri Holdings  CPRI.N  up
4.2% at $22.41 premarket
    ** Italy's Prada  1913.F   1913.HK  is among the potential
suitors looking at fashion group Versace, which Capri has put up
for sale, daily Il Sole 24 ore reported on Friday
    ** In November, Coach-owner Tapestry  TPR.N  abandoned an
$8.5 billion deal to buy Capri
    ** Capri has hired Barclays to look at strategic options,
including the sale of its Versace and Jimmy Choo brands, two
people with direct knowledge of the matter told Reuters
    ** One person said the entire Capri Holdings group could
also be up for sale
    ** Stock had fallen more than 58% in 2024

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; X: https://twitter.com/AnanyaMariam))